Use the information below to solve for the earnings per share for Adobe.
A) $4.38
B) $2.18
C) $3.29
D) $3.10
E) None of the above.

Question

Use the information below to solve for the earnings per share for Adobe. 
A) $4.38 
B) $2.18 
C) $3.29 
D) $3.10 
E) None of the above.

Quizplus · Accepted Answer

To solve for earnings per share, we need to divide the company's net income by the total number of outstanding shares.

From the information provided, Adobe's net income is $2.59 billion and the number of outstanding shares is 787 million.

Earnings per share = Net income / Outstanding shares
Earnings per share = $2.59 billion / 787 million
Earnings per share = $3.29

Therefore, the earnings per share for Adobe is $3.29, which corresponds to choice C.

Use the Information Below to Solve for the Earnings Per