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# A corporation with 5 million shares reported total earnings

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Senior Manager
Joined: 22 Sep 2005
Posts: 278

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

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23 Jan 2008, 12:13
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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 \$

Kudos [?]: 241 [0], given: 1

Director
Joined: 12 Jul 2007
Posts: 857

Kudos [?]: 330 [0], given: 0

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23 Jan 2008, 12:43
(5*7.20)+(10*1.25) = 36 + 12.50 = 48.50 / 10 = \$4.85

Kudos [?]: 330 [0], given: 0

Senior Manager
Joined: 22 Sep 2005
Posts: 278

Kudos [?]: 241 [0], given: 1

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

Thanks

Kudos [?]: 241 [0], given: 1

Director
Joined: 12 Jul 2007
Posts: 857

Kudos [?]: 330 [0], given: 0

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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.

Kudos [?]: 330 [0], given: 0

Re: PS: Average   [#permalink] 24 Jan 2008, 12:24
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# A corporation with 5 million shares reported total earnings

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