For 2017 Fielder Corporation reported net income of $32,000; net sales $400,000; and average share outstanding 16,000. There were no preferred dividends. What was the 2017 earnings per share?
A)$0.08
B)$0.50
C)$25.00
D)$2.00

Question

Quizplus · Accepted Answer

Earnings per share (EPS) is calculated by dividing net income by the average number of shares outstanding. For Fielder Corporation, EPS = $32,000 / 16,000 = $2.00.

For 2017 Fielder Corporation Reported Net Income of $32,000; Net