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No. of shares outstanding = Total assets x weight of equity / price per share
= $12,020,000 x50% / $8
= 751250
Net Income = Total assets x Return on assets
= $12,020,000 x 15.10%
= 1,815,020
Earnings per share = Net Income/ No. of shares outstanding
= 1,815,020 / 751250
= 2.416
Solution
No. of shares outstanding = Total assets x weight of equity / price per share
= $12,020,000 x50% / $8
= 751250
Net Income = Total assets x Return on assets
= $12,020,000 x 15.10%
= 1,815,020
Earnings per share = Net Income/ No. of shares outstanding
= 1,815,020 / 751250
= 2.416

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No. of shares outstanding = Total assets x weight of equity price .pdf

  • 1. No. of shares outstanding = Total assets x weight of equity / price per share = $12,020,000 x50% / $8 = 751250 Net Income = Total assets x Return on assets = $12,020,000 x 15.10% = 1,815,020 Earnings per share = Net Income/ No. of shares outstanding = 1,815,020 / 751250 = 2.416 Solution No. of shares outstanding = Total assets x weight of equity / price per share = $12,020,000 x50% / $8 = 751250 Net Income = Total assets x Return on assets = $12,020,000 x 15.10% = 1,815,020 Earnings per share = Net Income/ No. of shares outstanding = 1,815,020 / 751250 = 2.416