Multiple Choice QuestionIf after-tax income equals $2,300,000 and the number of shares outstanding equals 1,200,000, what is the earnings per share?Multiple choice question.$2.65$1.85$1.92$2.34
Question
Multiple Choice QuestionIf after-tax income equals 2.651.92$2.34
Solution
To calculate the earnings per share, we need to divide the after-tax income by the number of shares outstanding.
Given that the after-tax income is $2,300,000 and the number of shares outstanding is 1,200,000, we can calculate the earnings per share as follows:
Earnings per share = After-tax income / Number of shares outstanding
Earnings per share = $2,300,000 / 1,200,000
Earnings per share = $1.92
Therefore, the correct answer is $1.92.
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