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Use the following information for XYZ Corp
Use the following information for XYZ Corp. to answer the next question.
Price per share: $30.00
Annual dividends: $0.75
Total Assets: $12 billion
Total Liabilities: $10 billion
Preferred Stock: $2 billion
Net Income: $1.5 billion
Shareholders’ Equity: $5 billion
Shares Outstanding: 500 million
What are XYZ's earnings per share (EPS)?
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$2 per share
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$3 per share
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$4 per share
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$5 per share
Expert Solution
The answers to the given question are provided in the order below
Earnings Per Share=Net Income/Number of shares=1.5*1000/500=3.00
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