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30-01-2020
Business

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Mayan Company had net income of $34,000. The weighted-average common shares outstanding were 8,500. The company has no preferred stock. The company's earnings per share is:

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khaqanelahi khaqanelahi

02-02-2020

Answer:

The company's earnings per share is $ 4.

Explanation:

EPS earning per share is an indicator widely used by investor of stock market in order to determine market value of their investment. EPS is directlty proportional to stock price.

EPS is calculated by dividing net income with outstanding common shares.

EPS = Net income/ outstanding common shares

EPS = 34,000/8,500 = $ 4

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