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leonid [27]
3 years ago
13

BR Trucking has total sales of $911,300, a total asset turnover of 1.1, and a profit margin of 5.87 percent. Currently, the firm

has 18,500 shares outstanding. What are the earnings per share?
Business
1 answer:
notsponge [240]3 years ago
3 0

Answer:

$2.89

Explanation:

The formula and the computation of the earning per share is shown below:

Earning per share = (Net income - preference dividend) ÷ (Number of shares)

where,

Net income is

= $911,300 × 5.87%

= $53,493.31

And, the preference dividend is $0

and, the outstanding number of shares is 18,500

So earning per share is

= $53,493.31 ÷ 18,500 shares

= $2.89

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The correct answer is option C. To summarize the main point of the paragraph

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Can I get the answer and explanation to attached question please?
lord [1]

The value of the holdings of Megahurtz International Car Rentals at year end is CA$176,923.08

The value of the holdings if the real went up against the dollar is $266, 667. 67.

<h3>How to find the value of the holdings?</h3>

The exchange rate before the real declined was:

= 270,000 / 200, 000

= 1.35 real per dollar

The new exchange rate after the Real declined was:

= 1.35 x 1.3

= 1.755 Real per dollar

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= 270, 000 x 1.15

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The new exchange rate as a result of the Real increasing in value is:
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