The information below was extracted from the most recent financial statements of Milton Technologies (in millions,except for stock price): What is the EPS for the company's stock for the current year?
A)$2.74
B)$2.37
C)$2.54
D)$2.97

Question

The information below was extracted from the most recent financial statements of Milton Technologies (in millions,except for stock price):  What is the EPS for the company's stock for the current year?
A)$2.74 
B)$2.37 
C)$2.54 
D)$2.97

Quizplus · Accepted Answer

EPS = (Net income − Preferred dividends)÷ Average number of common shares outstanding
= $89,000 ÷ [(30,000 + 35,000)÷ 2] = $2.74 (rounded)

The Information Below Was Extracted from the Most Recent Financial