Answer: $3.79
Explanation:
Retained earnings are the earnings that won't be paid out but will be reinvested. The formula for calculating earnings per share is:
= Net income/Outstanding shares
To solve further, we have to calculate the net income first. This will be the sum of the retained earnings and dividends that was paid. This will be:
= $375,000 + $175,000
= $550,000
Retained earnings will now be:
= Net income/Outstanding shares
= 550,000/145,000
= $3.79
The retained earnings is $3.79
Answer:The answer it is the name of Louie
Explanation:
Predominant means to be the strongest in a certain category, or to exert control or power on someone/something.
