Answer:
3.9
Step-by-step explanation:
The retained earnings for the year is $205,000
The firm paid out $185,000 in cash dividend
It has total equity of$4.90 million
100,000 common shares are outstanding
Therefore the earnings per share van be calculated as follows
= 205,000+185,000/100,000
= 390,000/100,000
= 3.9
Hence the earnings per share is $3.9
the test is good since it is right 98 percent of the time an if the test is wrong you can just take it again
i hope this helps
y=5
the line going up and down is the y and the line going left to right is the x so u would go up to until u find the number that fits and it would be y=5
