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20 Jun 2024, 01:30
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C
Be sure to select an answer first to save it in the Error Log before revealing the correct answer (OA)!
Difficulty:
15%
(low)
Question Stats:
81% (01:16) correct
19%
(01:33)
wrong
based on 107
sessions
History
Date
Time
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Not Attempted Yet
What was the percent increase in the earnings per share of company x from year 2000 to 2010?
(1) The total earnings of company x increased by 70% from 2000 to 2010
(1) The total number of shares of company x increased by 30% from 2000 to 2010
(1) The total earnings of company x increased by 70% from 2000 to 2010
(1) The total number of shares of company x increased by 30% from 2000 to 2010
20 Jun 2024, 02:48
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Earnings per share = total share earnings/# of shares
Both statements together give us the needed info to solve for eps, hence C
Can be solved assuming 100 earning 10 shares in 2000
EPS in 2000=100/10=10
EPS in 2010=1.7(100)/1.3(10)=170/13= 13
30 percent increase in EPS 2000 to 2010
Both statements together give us the needed info to solve for eps, hence C
Can be solved assuming 100 earning 10 shares in 2000
EPS in 2000=100/10=10
EPS in 2010=1.7(100)/1.3(10)=170/13= 13
30 percent increase in EPS 2000 to 2010
20 Jun 2024, 02:57
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Earning per share (EPS) = Earnings / number of share.
Assuming, 100x as earnings of company x and 100y shares of company x in year 2000.
1st - The total earnings of company x increased by 70% from 2000 to 2010
Earning @ 2010 = 170x
Nothing else so not sufficient.
2nd - The total number of shares of company x increased by 30% from 2000 to 2010
Number of shares @ 2010 = 130y
Nothing else so not sufficient.
combining both EPS @ 2000 = 100x/100y = x/y
EPS @ 2010 = 170x/130y = 17x/13y
percent increase in the earnings per share of company x from year 2000 to 2010 = ((17x/13y) - (x/y)) / (x/y) * 100
cancelling out x/y
= ((17/13) - 1 ) * 100
= 4 * 100 / 13 = 30.769%
Hence C.
Assuming, 100x as earnings of company x and 100y shares of company x in year 2000.
1st - The total earnings of company x increased by 70% from 2000 to 2010
Earning @ 2010 = 170x
Nothing else so not sufficient.
2nd - The total number of shares of company x increased by 30% from 2000 to 2010
Number of shares @ 2010 = 130y
Nothing else so not sufficient.
combining both EPS @ 2000 = 100x/100y = x/y
EPS @ 2010 = 170x/130y = 17x/13y
percent increase in the earnings per share of company x from year 2000 to 2010 = ((17x/13y) - (x/y)) / (x/y) * 100
cancelling out x/y
= ((17/13) - 1 ) * 100
= 4 * 100 / 13 = 30.769%
Hence C.
