FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Following is the financial information about Insta Company: The Total assets of $275,000, total liabilities of $55,000, and net profit of $42,000. The stock par

image text in transcribed
Following is the financial information about Insta Company: The Total assets of $275,000, total liabilities of $55,000, and net profit of $42,000. The stock par value is $5 each while the current market price per share of stock is $12. Note that the declared and paid dividends of $16,000 this year. Calculate Earnings per share from the following information: Write the formula and calculations

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image_2

Step: 3

blur-text-image_3

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Personal Finance

Personal Finance

Authors: E Thomas Garman, Raymond Forgue

11th Edition

1111531013, 9781111531010

More Books

Students also viewed these Finance questions

Question

★★★★★
Consider the manager of Steves Food Market as illustrated in Example 5.9.What would be the managers risk if he bought better eggs, say with P(bad) _ 0.01 using the more than one guarantee?

Answered: 1 week ago

Question

★★★★★
How many different formulas can you think of for allocating a reduction in global CO 2 among the nations of the world? Compare and contrast these in terms of efficiency and equity. Consider the...

Answered: 1 week ago

Question

★★★★★
1. Write test instructions on the board or on the test itself instead of giving them orally.

Answered: 1 week ago

Question

★★★★★
The following control procedures are used in Pennys Boutique Shoppe for cash disbursements. 1. Each week, 100 company checks are left in an unmarked envelope on a shelf behind the cash register. 2....

Answered: 1 week ago

Question

★★★★★
c. On April 1, 2018, Accounting Creations renewed a 16-month insurance policy for $16,000. All cash was paid at the time the policy was signed and insurance expense was increased. All other...

Answered: 1 week ago

Question

★★★★★
Significant influence is often presumed when the investor owns:

Answered: 1 week ago

Question

★★★★★
Andretti Company has a single product called a Dak. The company normally produces and sells 85,000 Daks each year at a selling price of $64 per unit. The company's unit costs at this level of...

Answered: 1 week ago

Question

★★★★★
Pharmaceutical Benefits Managers (PBMs) are intermediaries between upstream drug manufacturers and downstream insurance companies. They design formularies (lists of drugs that insurance will cover)...

Answered: 1 week ago

Question

★★★★★
create a banking program with html and javascript must have javascript and html in the code must have javascript and html in the code Your supervisor has asked you to create a simple bank...

Answered: 1 week ago

Question

★★★★★
please help Continuing Payroll Project: Prevosti Farms and Sugarhouse - EERF (Algo) Prevosu Farms and Sugarhouse pays. Its employees according to their job classification. The following employees...

Answered: 1 week ago

Question

★★★★★
The following independent situations require professional judgment for determining when to recognize revenue from the transactions. Identify when revenue should be recognized in each of the...

Answered: 1 week ago

Question

★★★★★
2. I try to be as logical as possible

Answered: 1 week ago

Question

★★★★★
1. To understand the prerequisites for personal communication mastery.

Answered: 1 week ago

Question

★★★★★
2. To understand different focus areas for personal communication mastery.

Answered: 1 week ago

Previous Question Next Question