Problem $3\mathrm{.}1$: Rattner Robotics Company earned $$1,250,000$ in net income and paid a cash dividend of $$750,000$ to its common stockholders.

a$.$ What are the firm's earnings per share if the firm has $500,000$ shares of common stock outstanding?

b$.$ How does the earnings per share change if net income is only $$950,000?$

a$.$ see page $44$

b$.$