A company ends the year with a net income of $7.5 million and earnings per share of $1.50.What is the number of common shares outstanding for this company?
A) 3 million
B) 4.5 million
C) 5 million
D) 6.5 million
E) 11.25 million

Name: A company ends the year with a net income of $7.5 million and earnings per share of $1.50.What is the number of common shares outstanding for this company? A) 3 million B) 4.5 million C) 5 million D) 6.5 million E) 11.25 million
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Question

Quizplus · Accepted Answer

C)1.5 = net income / number of shares

A Company Ends the Year with a Net Income of $7.5