In: Finance
Tiffany’s Pet Store Inc. again has net income for the year of $1,000,000, and currently has 100,000 shares outstanding. Knowing this what is the company’s earnings per share (EPS)?
Earnings per share(EPS) of Tiffany's Pet Store Inc. can be calculated as below:
EPS = (Net Income ÷ no. Of Outstanding shares)
So,
EPS of Tiffany's Pet Store Inc.= ($1,000,000 ÷ 100,000(
= $10