Tropic beach balls, inc. is considering several investment options. if the company wants to maximize investment income, when is
1 answer:
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Answer: (a) Earning per share in 2016: 0.85
(b) Earning per share in 2017: 1.4
Explanation:
Earning per share in 2016:
Net income (loss) = $61,030,000
Opening shares = 74,400,000
Ending shares = 69,200,000
Average no. of shares O/S =
= 71,800,000
Earning per share =
=
= 0.85
Earning per share in 2017:
Net income (loss) = $91,420,000
Opening shares = 69,200,000
Ending shares = 61,400,000
Average no. of shares O/S =
= 65,300,000
Earning per share =
=
= 1.4