Question

Select the correct answer.
Libby bought 250 stocks of a company named Xylet last year. Xylet's total earning for the year is $ 4million and it has 1,000,000 outstanding
stocks. What is Xylet's Earning per share (EPS)?
OA. 4
OB. 0.04
C. 40
OD
400

Answer 1

Stocks = 250

Net income = $4,000,000

Outstanding Shares = $1,000,000

Earnings Per Share = ?

Formula: EPS = Net Income / Outstanding Shares

Solution: EPS = Net Income / Outstanding Shares

= $4,000,000 / $1,000,000

= 4

Answer: Earnings Per Share = 4

Answer 2

Answer:

4

Step-by-step explanation:

PLATO correct answer