Using the Information Given Here, What Are the Earnings Per

question 129

Multiple Choice

Using the information given here, what are the earnings per share for GHI Company?
• Earnings = $375,000
• Number of shares outstanding = 150,000
• Price per share = $60
• Book value per share = $20

• A) $0.33
• B) $1.33
• C) $2.50
• D) $3.00
• E) $7.50

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Definitions:

Nulli-

A prefix that denotes none or without, often used in medical terms to denote the absence of certain experiences or conditions.

Concentrate

To increase the strength or proportion of a substance by reducing its volume, typically by evaporation or by removing water.

Infrastructure

The fundamental physical and organizational structures and facilities (e.g., buildings, roads, power supplies) needed for the operation of a society or enterprise.

Extraocular

Outside the eyeball, often relating to the muscles that control the movements of the eye.