Answer:
$33.02
Explanation:
EPS (Earnings Per Share) would be simply,
Total Earnings divided by the number of shares outstanding
First, we need to find our total earnings. We will get this by summing up Sales and Net Income from selling shares. Then we will minus the expenses.
So,
Sales = 17.55 mill
Net Income from Shares = 5 mill shares AT $32.55 each = 5 mill * 32.55 = $162,750,000
Expenses = 15.20 mill
Thus,
Total Earnings = 17,550,000 + 162,750,000 - 15,200,000 = 165,100,000
Total Shares = 5 million
So, EPS would be:
EPS = 165,100,000/5,000,000 = <u>$33.02</u>
