Riggins Trucking, Inc., has a current stock price of $41. For the past year, the company had a net income of $5,150,000, total equity of $21,580,000, sales of $39,000,000, and 4.1 million shares of stock outstanding. What is the earnings per share (EPS)?

Riggins Trucking, Inc., has a current stock price of $41. For the past year, the company had a net income of $5,150,000, total equity of $21,580,000, sales of $39,000,000, and 4.1 million shares of stock outstanding. What is the earnings per share (EPS)?

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 55E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...

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Question

General accounting

Riggins Trucking, Inc., has a current stock price of $41.
For the past year, the company had a net income of
$5,150,000, total equity of $21,580,000, sales of
$39,000,000, and 4.1 million shares of stock outstanding.
What is the earnings per share (EPS)?

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