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Homework answers / question archive / Assume IMM has 200,000 as retained profit and distributed 100,000 as dividends
Assume IMM has 200,000 as retained profit and distributed 100,000 as dividends. The company has 150,000 outstanding shares. What is the company earnings per share? Select one: O a. $1.5 O b. $2 O c. $1 O d. $0.5
Earning per share = Net profit / Number of shares outstanding
Net profit = Retained earning + Dividend
= 200,000 + 100,000
= 300,000
So, Earning per share = 300,000 / 150,000
Earning per share = 2.00
Option B is the correct answer.
