Answer:
The company's earnings per share is $3.25.
Explanation:
Earnings per share (EPS) refers to a financial metric that shows an indication of the amount of money that is made a company for each share of its stock.
The earnings per share of Mayan Company can be calculated using the formula for calculating earnings per share as follows:
Earnings per share = Net income / Weighted-average common shares outstanding ..................... (1)
Where;
Net income = $32,500
Weighted-average common shares outstanding = 10,000
Substituting the values into equation (1), we have:
Earnings per share = $32,500 / 10,000
Earnings per share = $3.25
Therefore, the company's earnings per share is $3.25.
