If the Marifield Steel Fabrication Company earned $539,000 in net income and paid a cash dividend of $259,000 to its stockholders, what are the firm's earnings per share if the firm has 93,000 shares of stock outstanding?
If the Marifield Steel Fabrication Company earned $539,000 in net income and paid a cash dividend of $259,000 to its stockholders, what are the firm's earnings per share if the firm has 93,000 shares of stock outstanding?
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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If the Marifield Steel Fabrication Company earned
$539,000
in net income and paid a cash dividend of
$259,000
to its stockholders, what are the firm's earnings per share if the firm has
93,000
shares of stock outstanding?
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