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# A corporation with 5 million shares reported total earnings

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Senior Manager
Joined: 22 Sep 2005
Posts: 279
Followers: 1

Kudos [?]: 89 [0], given: 1

A corporation with 5 million shares reported total earnings [#permalink]  23 Jan 2008, 11:13
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Question Stats:

0% (00:00) correct 0% (00:00) wrong based on 0 sessions
A corporation with 5 million shares reported total earnings of 7,20 $per share for the first 9 months. During the final quarter the number of shares increased to 10 million, and quarter earnings were reported at as 1,25$ per share. What are the average annual earnings per share based on the number of shares at the end of the year?

A) 1,83 $B) 2, 43$
C) 4,85 $D) 8,45$
E) 9,7 $Director Joined: 12 Jul 2007 Posts: 865 Followers: 12 Kudos [?]: 218 [0], given: 0 Re: PS: Average [#permalink] 23 Jan 2008, 11:43 (5*7.20)+(10*1.25) = 36 + 12.50 = 48.50 / 10 =$4.85

Senior Manager
Joined: 22 Sep 2005
Posts: 279
Followers: 1

Kudos [?]: 89 [0], given: 1

Re: PS: Average [#permalink]  24 Jan 2008, 09:51
Are you sure that you do not need to use the time, 9 months or 3 months?

Thanks
Director
Joined: 12 Jul 2007
Posts: 865
Followers: 12

Kudos [?]: 218 [0], given: 0

Re: PS: Average [#permalink]  24 Jan 2008, 11:24
Positive, we're just looking for total earnings divided by the 10,000,000 shares. Time has nothing to do with it.
Re: PS: Average   [#permalink] 24 Jan 2008, 11:24
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