Answered step by step
Verified Expert Solution
Question
...
1 Approved Answer
If a company's earnings per share (diluted) were $1.53 last year, and the net income was $114,750,000, there were ______________ shares of the company at
If a company's earnings per share (diluted) were $1.53 last year, and the net income was $114,750,000, there were ______________ shares of the company at that time.
a. | 30 million | |
b. | 85 million | |
c. | 75 million | |
d. | 20 million | |
e. | none of the above. |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started