Answer:
The answer is 0.5
Explanation:
Earnings per share is a measure of profitability. It is a way of assigning the profit to each outstanding shares i.e how much a company's profit goes to each outstanding shares.
It is calculated by taking net earnings or net income as the numerator and number of outstanding shares as d denominator i.e net income ÷ number of outstanding shares.
Net income - $150 million
Outstanding shares - 300 million shares.
Therefore, Earnings per Share (EPS) is:
($150million/300million shares)
$0.5
