### Financial Information Provided:Assume a company provided the following information:- **Net income:** $52,000- **Number of common shares outstanding, beginning of the year:** 45,000- **Number of common shares outstanding, end of the year:** 55,000- **Market price per share:** $15- **Dividends per share:** $0.50- **Total assets, end of the year:** $200,000- **Total liabilities, end of the year:** $80,000### Question:The earnings per share (EPS) is closest to:#### Multiple Choice Options:- $1.04- $1.24- $1.44- $1.34### Explanation:The Earnings Per Share (EPS) can be calculated using the formula:\[ \text{EPS} = \frac{\text{Net Income}}{\text{Average Number of Common Shares Outstanding}} \]The average number of common shares outstanding is calculated as:\[ \text{Average Shares} = \frac{\text{Shares at Beginning} + \text{Shares at End}}{2} \]Substitute the given values into the formulas to find the appropriate answer.

Earnings per share shows how much net earnings per share has been earned by the common shareholders.…

Assume a company provided the following Information: $ 52,000 45,000 55,000 $ $ Net income Number of common shares outstanding, beginning of the year Number of common shares outstanding, end of the year Market price per share Dividends per share Total assets, end of the year Total liabilities, end of the year 15 0.50 $200,000 $ 80,000 The earnings per share is closest to: Multiple Cholce O $1.04. O $1.24. $1.44. $1.34.

Assume a company provided the following Information: $ 52,000 45,000 55,000 $ $ Net income Number of common shares outstanding, beginning of the year Number of common shares outstanding, end of the year Market price per share Dividends per share Total assets, end of the year Total liabilities, end of the year 15 0.50 $200,000 $ 80,000 The earnings per share is closest to: Multiple Cholce O $1.04. O $1.24. $1.44. $1.34.

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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