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1 April, 04:48

Financial information for Accessories Unlimited includes the following selected dа ta: Net income (in millions) $ 150 Shares outstanding (in millions) 300 Stock price $ 20.00 What is the company's earnings per share?

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  1. 1 April, 08:16
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    The answer is 0.5

    Explanation:

    Earnings per share is a measure of profitability. It is a way of assigning the profit to each outstanding shares i. e how much a company's profit goes to each outstanding shares.

    It is calculated by taking net earnings or net income as the numerator and number of outstanding shares as d denominator i. e net income : number of outstanding shares.

    Net income - $150 million

    Outstanding shares - 300 million shares.

    Therefore, Earnings per Share (EPS) is:

    ($150million/300million shares)

    $0.5
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Home » Business » Financial information for Accessories Unlimited includes the following selected dа ta: Net income (in millions) $ 150 Shares outstanding (in millions) 300 Stock price $ 20.00 What is the company's earnings per share?
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