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A corporation with 5,000,000 shares of publicly listed stock

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Joined: 11 May 2008
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A corporation with 5,000,000 shares of publicly listed stock  [#permalink]

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New post 11 Sep 2008, 03:46
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E

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A corporation with 5,000,000 shares of publicly listed stock reported total earnings of $7.20 per share for the first 9 months of operation. During the final quarter the number of publicly listed shares was increased to 10,000,000 shares, and fourth quarter earnings were reported 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?



* 1.75
* 2.40
* 3.15
* 3.60
* 4.85

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Joined: 12 Jul 2008
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Schools: Wharton
Re: EPS FOR SHAREHOLDERS  [#permalink]

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New post 11 Sep 2008, 04:31
arjtryarjtry wrote:
A corporation with 5,000,000 shares of publicly listed stock reported total earnings of $7.20 per share for the first 9 months of operation. During the final quarter the number of publicly listed shares was increased to 10,000,000 shares, and fourth quarter earnings were reported 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?



* 1.75
* 2.40
* 3.15
* 3.60
* 4.85


I get E

5M*7.20+10M*1.25 = 48.5M
48.5M/10M = 4.85

--== Message from the GMAT Club Team ==--

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This discussion does not meet community quality standards. It has been retired.


If you would like to discuss this question please re-post it in the respective forum. Thank you!

To review the GMAT Club's Forums Posting Guidelines, please follow these links: Quantitative | Verbal Please note - we may remove posts that do not follow our posting guidelines. Thank you.
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Re: A corporation with 5,000,000 shares of publicly listed stock  [#permalink]

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New post 05 Oct 2018, 05:31
Hello from the GMAT Club BumpBot!

Thanks to another GMAT Club member, I have just discovered this valuable topic, yet it had no discussion for over a year. I am now bumping it up - doing my job. I think you may find it valuable (esp those replies with Kudos).

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Re: A corporation with 5,000,000 shares of publicly listed stock &nbs [#permalink] 05 Oct 2018, 05:31
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