Find all School-related info fast with the new School-Specific MBA Forum

 It is currently 25 Jun 2016, 07:52

### GMAT Club Daily Prep

#### Thank you for using the timer - this advanced tool can estimate your performance and suggest more practice questions. We have subscribed you to Daily Prep Questions via email.

Customized
for You

we will pick new questions that match your level based on your Timer History

Track

every week, we’ll send you an estimated GMAT score based on your performance

Practice
Pays

we will pick new questions that match your level based on your Timer History

# Events & Promotions

###### Events & Promotions in June
Open Detailed Calendar

# A corporation with 5 million shares reported total earnings

Author Message
Senior Manager
Joined: 22 Sep 2005
Posts: 276
Followers: 1

Kudos [?]: 148 [0], given: 1

A corporation with 5 million shares reported total earnings [#permalink]

### Show Tags

23 Jan 2008, 12:13
00:00

Difficulty:

(N/A)

Question Stats:

0% (00:00) correct 0% (00:00) wrong based on 0 sessions

### HideShow timer Statistics

This topic is locked. If you want to discuss this question please re-post it in the respective forum.

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: 862 Followers: 14 Kudos [?]: 253 [0], given: 0 Re: PS: Average [#permalink] ### Show Tags 23 Jan 2008, 12:43 (5*7.20)+(10*1.25) = 36 + 12.50 = 48.50 / 10 =$4.85

Senior Manager
Joined: 22 Sep 2005
Posts: 276
Followers: 1

Kudos [?]: 148 [0], given: 1

### Show Tags

24 Jan 2008, 10:51
Are you sure that you do not need to use the time, 9 months or 3 months?

Thanks
Director
Joined: 12 Jul 2007
Posts: 862
Followers: 14

Kudos [?]: 253 [0], given: 0

### Show Tags

24 Jan 2008, 12:24
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, 12:24
Display posts from previous: Sort by