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Hello, I need to know how to solve this problem: J. Crickets, INc. had $5,000,000 of retained earnings on its balance sheet at the end
Hello, I need to know how to solve this problem:
J. Crickets, INc. had $5,000,000 of retained earnings on its balance sheet at the end of 2001. One year latewr, Whitehall had $6,000,000 of retained earnings on its balance sheet. Whitehall has one million shares of common stock outstanding, and it paid a dividend of $.80 per share in 2002. What was Whitehall's earnings per share in 2002?
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