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26 September, 13:43

Makers Corp. had additions to retained earnings for the year just ended of $415,000. The firm paid out $220,000 in cash dividends, and it has ending total equity of $5.6 million. The company currently has 170,000 shares of common stock outstanding. a. What are earnings per share?

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  1. 26 September, 14:59
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    Earning per share is 2.44 dollars.

    Explanation:

    The earning per share is a financial ratio determine by dividing total profit after tax made by a company in a period with total number of outstanding shares.

    The earning per share is calculated below

    EPS = $ 415,000 / 170,000 = 2.44 $

    This ratio is widely used in stock market and valuation of business.
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Home » Business » Makers Corp. had additions to retained earnings for the year just ended of $415,000. The firm paid out $220,000 in cash dividends, and it has ending total equity of $5.6 million. The company currently has 170,000 shares of common stock outstanding.
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