Managerial Accounting (15th Edition)

Published by McGraw-Hill Education
ISBN 10: 007802563X
ISBN 13: 978-0-07802-563-1

Chapter 15 - Financial Statement Analysis - The Foundational 15 - Required - Page 698: 1

Answer

0.77

Work Step by Step

Earnings per share = Net income ÷ Average number of common shares outstanding = 92,400 ÷ 120,000 = 0.77
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