During 2012, Blue Corporation produced net income of $1,550,000 The average number of shares of common stock outstanding for the year was 498,000 Required Calculate Blue 's earnings per share for the year and briefly explain the result ...

1550000 498000 311 Earnings per share compares a company ...

During 2012, Blue Corporation produced net income of $1,550,000. The average number of shares of common stock

Question:

During 2012, Blue produced net income of $1,550,000. The average number of shares of outstanding for the year was 498,000.
Required
Calculate Blue's earnings per share for the year and briefly explain the result.
Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...