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Company A has 250,000 shares of treasury stock, 500,000 shares of unissued stocks, 4,200,000 shares of outstanding stock, last year its net income is $8,000,000

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Company A has 250,000 shares of treasury stock, 500,000 shares of unissued stocks, 4,200,000 shares of outstanding stock, last year its net income is $8,000,000 and its payout ratio is 40%. What is its earning per share (EPS)? Select one: a. $0.72 b. $1.80 O c. $1.62 O d. $0.76 e. $1.90 Clear my choice

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