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A company has total revenue of $50,000,000, cost of sales of $40,000,000, operating expenses of $5,000,000, and financing costs of $2,000,000. What are earnings per share if the company has 100,000 shares outstanding and no preferred stockholders

Respuesta :

Answer:

$30

Explanation:

Earnings per share = earnings / total outstanding shares

Earnings = total revenue - total cost

total cost = $40,000,000 + $5,000,000 + $2,000,000 = $47,000,000

Earnings = $50,000,000 - $47,000,000 = $3,000,000

Earnings per share = $3,000,000 / 100,000 = $30

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