Aurora Systems reported net income of $360,000 in 2024. The company had 12,000 common shares outstanding and retained earnings of $720,000 at the end of the year. What is the EPS? a. 25 b. 30 c. 40 d. 60 e. None

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter16: Retained Earnings And Earnings Per Share
Section: Chapter Questions
Problem 8MC: Hyde Corporations capital structure at December 31, 2018, was as follows: On July 2, 2019, Hyde...
icon
Related questions
Question
100%

Please explain the solution to this financial accounting problem with accurate explanations.

Aurora Systems reported net income of $360,000 in 2024. The
company had 12,000 common shares outstanding and retained
earnings of $720,000 at the end of the year.
What is the EPS?
a. 25
b. 30
c. 40
d. 60
e. None
Transcribed Image Text:Aurora Systems reported net income of $360,000 in 2024. The company had 12,000 common shares outstanding and retained earnings of $720,000 at the end of the year. What is the EPS? a. 25 b. 30 c. 40 d. 60 e. None
Expert Solution
steps

Step by step

Solved in 2 steps

Blurred answer
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
Intermediate Accounting: Reporting And Analysis
Intermediate Accounting: Reporting And Analysis
Accounting
ISBN:
9781337788281
Author:
James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:
Cengage Learning