Information from the financial statements is provided below:

-Refer to Randstad, Inc. Earnings per share for 2020 would be reported as
A)$1.08.
B)$1.20.
C)$1.29.
D)$1.43.

Question

Information from the financial statements is provided below:
 
-Refer to Randstad, Inc. Earnings per share for 2020 would be reported as
A)$1.08. 
B)$1.20. 
C)$1.29. 
D)$1.43.

Quizplus · Accepted Answer

The earnings per share can be calculated by dividing the net income by the weighted average number of common shares outstanding. According to the financial statements provided, the net income for 2020 was $229.8 million and the weighted average number of common shares outstanding was 177.8 million. Therefore, the earnings per share for 2020 would be $1.29 ($229.8 million ÷ 177.8 million shares).

Information from the Financial Statements Is Provided Below