For 2014 Fielder Corporation reported net income of $30,000; net sales $400,000; and average share outstanding 16,000. There were no preferred dividends. What was the 2014 earnings per share?
A) $0.08
B) $0.53
C) $25.00
D) $1.88

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 = $30,000 / 16,000 = $1.88.

For 2014 Fielder Corporation Reported Net Income of $30,000; Net