A company reported net income of $5.6 million.At the beginning of the year,3.4 million shares of common shares were outstanding while during the year the average number of common shares outstanding was 3.5 million.There were 400,000 shares of preferred shares outstanding on average and no dividends were declared.The EPS is approximately:
A) $1.60.
B) $1.51.
C) $1.65.
D) $1.75.
Correct Answer:
Verified
Q81: The return on equity ratio is calculated
Q82: A company has outstanding 9 million shares
Q83: A restriction on retained earnings will:
A)decrease assets.
B)decrease
Q84: The ROE ratio measures:
A)return shareholders receive in
Q85: All else equal,when companies make stock repurchases:
A)EPS
Q87: A company issues 100,000 shares of preferred
Q88: A company has 20,000 shares of preferred
Q89: A corporation has 3 million shares of
Q90: Under IFRS preferred shares are classified as
Q91: All else equal,when the current price for
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents