Cisco Systems had net income of 4485 billion and at year end

Cisco Systems had net income of $4.485 billion and, at year end, 5.985 billion shares outstanding. Calculate the earnings per share for the company

Solution

Earnings per share for the company can be calculated by dividing the net income by outstanding shares.

Now, given that Net Income is of $4.485 billion

and outstanding shares are 5.985 billion

Earnings per Share = Net Income / Outstanding Shares

Earnings per Share = $4.485 billion / 5.985 billion

Earnings per Share = $0.7493/share

Earnings per Share for the company is $0.749 per share.

Cisco Systems had net income of $4.485 billion and, at year end, 5.985 billion shares outstanding. Calculate the earnings per share for the companySolutionEarni

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