Answer:
EPS = $2.75
Explanation:
The earning per share is the amount attributable to each ordinary share after the settlement of interest due on loan obligations, tax and preferred dividends.
As it implies it is the measure of the return per unit of ordinary share, and the higher the more profitable the investment
It is determined by the formula below:
Earning per share(EPS)
= Earnings attributable to ordinary shareholders/Units of shares
Earnings attributable to ordinary shareholders
=Net income - preferred dividends
EPS = $770,000 - 0/280,000 units
EPS = $2.75
Answer:
EPS 2.75
Explanation:
Earnings per share is measure that investors use to track how much they earning per share invested in stock to calculate it we need net income and shares outstanding
Net income $770 000
Weighted average common Shares 280 000
EPS = net income / Weighted average common Shares
=770000/280000
=2.75
Meaning for every 1 dollar invested in a share earns 2.75 dollars
