The net income after tax for Dutac for the year 2018 was $1,500,000. The number of shares
Question:
The net income after tax for Dutac for the year 2018 was $1,500,000.
The number of shares outstanding at the end of 2018 was 600,000.
Dutac issued 100,000 new shares on January 1, 2019. Net income after tax for 2019 was 25% higher than in 2018. What are earnings per share in 2019?
a. $2.22
b. $2.68
c. $4.13
d. $2.75
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Related Book For
Principles Of Islamic Accounting
ISBN: 9781119023296
1st Edition
Authors: Nabil Baydoun, Maliah Sulaiman, Roger J. Willett, Shahul Ibrahim
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