SFC's EPS following the issue would be _______________.
A) $3.40
B) $3.80
C) $5.00
D) $6.40

Name: SFC's EPS following the issue would be _______________. A) $3.40 B) $3.80 C) $5.00 D) $6.40
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Question

Quizplus · Accepted Answer

The article states that the new shares will generate $408 million in additional earnings. Dividing this by the current number of outstanding shares (108 million) gives an EPS of approximately $3.78. Rounded to the nearest cent, this gives an EPS of $3.80. Therefore, the correct answer is B.

SFC's EPS Following the Issue Would Be _______________