(Working with the income statement) If the Marifield Steel Fabrication Company earned $536,000 in net income and paid a cash dividend of $298,000 to its stockholders, what are the firm's earnings per share if the firm has 101,000 shares of stock outstanding? The company's earnings per share are $ (Round to the nearest cent.)
(Working with the income statement) If the Marifield Steel Fabrication Company earned $536,000 in net income and paid a cash dividend of $298,000 to its stockholders, what are the firm's earnings per share if the firm has 101,000 shares of stock outstanding? The company's earnings per share are $ (Round to the nearest cent.)
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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Transcribed Image Text:(Working with the income statement) If the Marifield Steel Fabrication Company earned $536,000 in net income and paid a cash dividend of $298,000 to its stockholders, what are the firm's earnings per
share if the firm has 101,000 shares of stock outstanding?
The company's earnings per share are $
(Round to the nearest cent.)
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