That Wich Corp

Finance Sep 13, 2020

That Wich Corp. had additions to retained earnings for the year just ended of $346,801. The firm paid out $184,473 in cash dividends, and it has ending total equity of $4,134,068. The company currently has 150,000 shares of common stock outstanding. What are earnings per share? (round 4 decimal places)

Expert Solution

Computation of Earnings per Share (EPS):

Earning per Share = Net Income / Number of Shares Outstanding

Here,

Net Income = $346,801 + $184,473 = $531,274

Number of Shares Outstanding = 150,000

Earnings per Share (EPS) = $531,274/150,000 = $3.5418

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