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