khandon4970

27.06.2019 • 

Business

On 1/2/20x6, alpha acquired 100 shares of charlie corporation stock at $20 per share, 200 shares of delta corporation stock at $40 per share, and 100 shares of echo corporation stock at $30 per share. all of these shares were purchased as trading securities. the market price per share of these securities at the end of 20x6 and 20x7, respectively, are:
company 12/31/x6 12/31/x7
charlie $8 $22
delta. $38 $34
echo. $34 $30
what is the balance sheet amount for trading securities at the end of 20x7?

Ответ:

kayleebug13

29.06.2022

Business

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Stocks = 250

Net income = $4,000,000

Outstanding Shares = $1,000,000

Earnings Per Share = ?

Formula: EPS = Net Income / Outstanding Shares

Solution: EPS = Net Income / Outstanding Shares

= $4,000,000 / $1,000,000

= 4

Earnings Per Share = 4

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