Revival Corporation's annual report is as follows. Based on the information provided above, find the earnings per share of Revival Corporation as of March 31, 2015.

Question

Revival Corporation's annual report is as follows.  Based on the information provided above, find the earnings per share of Revival Corporation as of March 31, 2015.

Quizplus · Accepted Answer

The earnings per share (EPS) can be calculated by dividing the net income attributable to common shareholders by the weighted average number of common shares outstanding during the year. From the given annual report, we can see that the net income attributable to common shareholders is $18,100,000 and the weighted average number of common shares outstanding is 10,000,000. Therefore, EPS = $18,100,000 ÷ 10,000,000 = $1.81. Note that the EPS is usually expressed as a positive number, so the correct format for the answer is C, not (C).

Revival Corporation's Annual Report Is as Follows