Tiffany’s Pet Store Inc. again has net income for the year of $1,000,000, and currently has...

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)?

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Expert Solution

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

jeff jeffy answered 2 years ago

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