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Senior Manager
Joined: 22 Sep 2005
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A corporation with 5 million shares reported total earnings [#permalink]
 23 Jan 2008, 12:13
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 $
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Director
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(5*7.20)+(10*1.25) = 36 + 12.50 = 48.50 / 10 = $4.85
Answer C
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Senior Manager
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Are you sure that you do not need to use the time, 9 months or 3 months?
Thanks
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Director
Joined: 12 Jul 2007
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Positive, we're just looking for total earnings divided by the 10,000,000 shares. Time has nothing to do with it.
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