XX has a market value of $90 billion

Finance Nov 24, 2020

XX has a market value of $90 billion. At the end of the year it had 1.2 billion shares outstanding, reported $3.6 billion of earnings and paid $1.50/share. It also had assets of $19 billion and debt of $11 billion. What is its earnings per share?

Expert Solution

Numbers of Share outstanding = 1.2 billion

Reported earning = $3.6 billion

Earnings per share = Total Earning / Numbers of Share outstanding

= 3.6 / 1.2

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= $3 per share

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