You are waiting at a bus stop and the woman next to you is crying. You wonder why is so and make deduction that she cries becaus
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Answer:
Earnings per share for 2017 = $1.707
Explanation:
Earnings per share relates to the specific period, that how much on each individual share the earnings has been during the period.
Therefore, if there is change in number of equity shares average is taken, for that.
Equity on 1 Jan 2017 = 160,000 shares
Equity on 31 December 2017 = 250,000 shares
Average =
Earnings per share for 2017 =
=
Earnings per share = $1.71 (Rounded off)