Mayan company had a net income of $132,000. the weighted-average common shares outstanding were 80,000. the company has no preferred stock. the company's basic earnings per share are $1.65.
Earnings per share, also known as EPS, is a crucial financial metric that shows how profitable a firm is. It is computed by dividing the company's net income by the total number of shares that are currently outstanding.
Given,
Net Income = $132,000
Outstanding weighted-average common shares = 80,000
Required to Calculate basic earnings per share =?
Basic earnings per share = Basic EPS is calculated by dividing net income by the weighted average of the common shares outstanding for the relevant period.
Basic earnings per share = 132,000 / 80,000 = $1.65
Thus, the basic earning per share is $1.65
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