Mayan Company had net income of $132,000.The weighted-average common shares outstanding were 80,000.The company sold 3,000 shares before the end of the year.There were no other stock transactions.The company's earnings per share is:
A)$1.65.
B)$1.59.
C)$44.00.
D)$26.67.
E)$1.71.

Question

Quizplus · Accepted Answer

Earnings per share = Net income / Weighted-average common shares outstanding= $132,000 / 80,000= $1.65

Mayan Company Had Net Income of $132,000