Suppose a company had 2 million shares of stock outstanding at the beginning of the year and

Question:

Suppose a company had 2 million shares of stock outstanding at the beginning of the year and 2.25 million shares at the end of the year after issuing 0.25 million shares at the beginning of the fourth quarter.

And suppose the company had earnings available to common shareholders of $4 million. What is this company’s earnings per share?

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Financial Management And Analysis (Frank J. Fabozzi Series)

ISBN: 9780471477617

2nd Edition

Authors: Frank J. Fabozzi, Pamela P. Peterson

See More Books

Question Posted: Jun 10, 2024 02:19 AM

See More Questions

Provide the solution of address protection using MMU diagram? Consider five threads P 0 , P 1 , P 2 , P 3 , P 4 , and four resource types A=3, B=17, C=16 and D=12. Allocation Matrix Max Matrix A B C...
Toro Corp. reports the following two years of balance sheets and some additional information. 2019 2018 Cash S 92,915 $ 31,355 Accounts receivable 94,000 80,850 Inventory 179,000 157,600 Prepaid...
The Crazy Eddie fraud may appear smaller and gentler than the massive billion-dollar frauds exposed in recent times, such as Bernie Madoffs Ponzi scheme, frauds in the subprime mortgage market, the...
A machine was sold in December 20x3 for $13,000. It was purchased in January 20x1 for $19,000, and depreciation of $16,000 was recorded from the date of purchase through the date of disposal....
Suppose you want to compare the number of household members for women and men (based on the ISSP data in Exercise 2). a. Which group reported the largest family size? b. Why shouldn't you construct a...
The payback period of a project is a measure of how long it is expected to take for cash inflows from a project to cover all the outflows.
An accounting firm that specializes in auditing the financial records of large corporations is interested in evaluating the appropriateness of the fees it charges for its services. As part of its...
Database Systems is considering expansion into a new product line. Assets to support expansion will cost $380,000. It is estimated that Database can generate $1,410,000 in annual sales, with an 8...
hi. i need the answer for this question. tq Doralin Sdn Bhd has been in business for several years but did not keep a complete set of books. Mrs Shuhadah, the owner has approached you to assist her...
a. What is meant by an earnings surprise? b. Describe the typical stock price response to an earnings surprise.
What pressures are there on management that may cause it to manage earnings?
A vending machine dispenses hot chocolate or coffee. Service time is 30 seconds per cup and is constant. Customers arrive at a mean rate of 80 per hour, and this rate is Poisson-distributed....
Can anyone explain me how to calculate the ROI using the HISTORICAL COST NBV, the formula my instructor wants me to use is ADJ CF - HIST DEP /ASSETTOTAL - ACC DEP. And for the ROI of CURRENT COST NBV...
Consider the circuit to the right 3. If the total voltage supply in the circuit is 120V, and each resistor has a resistance of 400, what will the current read on each ammeter? |1= 12= 3 = 4. What...
1. The theory predicts the proportion of beans, in the four groups A, B, C and D should be 9:3:3:1. In an experiment among 1600 beans, the numbers in the four groups were 882, 313, 287 and 118. Does...
Would you recommend criminal charges in this case ( the screenshots below) and, if so, exactly which statutes against which person? Explain your reasoning (how the elements of the crime are met or...
check if each transaction is placed in the right place in each of the reports below and if there are any other mistakes in the different accounts after the first image which is a description of the...
Describe five types of outputs.
Find the intercepts and then graph the line. (a) 2x - 3y = 6 (b) 10 - 5x = 2y
Simpson Ltd is a small IT company, which has 2 million shares outstanding and a share price of $20 per share. The management of Simpson plans to increase debt and suggests it will generate $3 million...
The following are the information of Chun Equipment Company for Year 2 . ( Hint: Some of the items will not appear on either statement, and ending retained earnings must be calculated. ) Salaries...
Alta Ski Company's inventory records contained the following information regarding its latest ski model. The company uses a periodic inventory system. Beginning inventory, January 1, 2018 1,250 units...

Suppose a company had 2 million shares of stock outstanding at the beginning of the year and

Question:

Step by Step Answer:

Financial Management And Analysis (Frank J. Fabozzi Series)

Students also viewed these Business questions