Use the following information for Equitable,Inc.to answer the following question(s).Equitable issued no new common stock and had 100,000 common shares issued and outstanding during 2011.Equitable has no preferred stock. What was earnings per share for the year ended December 31,2011?

Question

Use the following information for Equitable,Inc.to answer the following question(s).Equitable issued no new common stock and had 100,000 common shares issued and outstanding during 2011.Equitable has no preferred stock.  What was earnings per share for the year ended December 31,2011?

Quizplus · Accepted Answer

The information provided only gives us the total earnings for the year ($370,000) and the number of common shares outstanding (100,000). To calculate earnings per share, we divide total earnings by the number of shares: $370,000 ÷ 100,000 = $3.70 per share. Therefore, the correct answer is C.

Use the Following Information for Equitable,Inc