Last year Target had a net income of 3235 million 5748 milli

Last year Target had a net income of $3235 million, 574.8 million shares outstanding, and paid out a total of $913 million in dividends. What was Target’s earnings per share?

Select one:

a. $3235.00

b. $3.54

c. $574.8

d. $1.59

e. $5.63

Solution

Answer is e. $ 5.63 Explanation: Net Income available for common Stockholders 3235 millions Divide: Number of shares outstanding 574.8 millions Earnings per share 5.63 per share
Last year Target had a net income of $3235 million, 574.8 million shares outstanding, and paid out a total of $913 million in dividends. What was Target’s earni

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