Financial information for Accessories Unlimited includes the following selected data: What is the company's earnings per share?
$$\begin{array} { | l r | }
\hline \text { Net income (in millions) } & \$ 150 \
\hline \text { Shares outstanding (in millions) } & 300 \
\text { Stock price } & \$ 20.00 \
\hline
\end{array}$$

Question

Financial information for Accessories Unlimited includes the following selected data: What is the company's earnings per share?
$$\begin{array} { | l r | } 
\hline \text { Net income (in millions) } & \$ 150 \
\hline \text { Shares outstanding (in millions) } & 300 \
\text { Stock price } & \$ 20.00 \
\hline
\end{array}$$

Quizplus · Accepted Answer

Earnings per share (EPS) is calculated by dividing the net income by the number of shares outstanding. Thus, EPS = $150 million / 300 million = $0.50.

Financial Information for Accessories Unlimited Includes the Following Selected Data