Question

Peak performance sporting goods company has reported net income after taxes = $3,750,000, with 18,250,000 shares outstanding. basic earning per share for peak performance = ________.

Answer 1

The basic earning per a share can be calculated by dividing the net income after taxes by the number of shares outstanding. Thus we have that the basic earning per share is 3,750,000/18,250,000 = .20547 dollars per share. The basic earning per share for peak performance is .205 dollars per share.