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)?

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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