Question
A company has annual net income of $5 million, 1 million shares outstanding, and trades for 15 times earnings. The company then splits its shares
A company has annual net income of $5 million, 1 million shares outstanding, and trades for 15 times earnings. The company then splits its shares 2-for-1. What is its earnings per share (EPS) after the split? (a) $2.50 (b) $5.00 (c) $10.00 (d) $15.00
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Managerial Accounting
Authors: Ray Garrison, Eric Noreen, Peter Brewer
16th edition
1259307417, 978-1260153132, 1260153134, 978-1259307416
