If the Marifield Steel Fabrication Company earned $500,000 in net income and paid a cash dividend of $300,000 to its stockholders, what are the firms earnings per share if the firm has 100,000 shares of stock outstanding ...

Marifield Steel Fabrication earned net income of 500000 and then ...

If the Marifield Steel Fabrication Company earned $500,000 in net income and paid a cash dividend of

Question:

If the Marifield Steel Fabrication Company earned $500,000 in net income and paid a cash of $300,000 to its stockholders, what are the firm’s earnings per share if the firm has 100,000 shares of stock outstanding?

Dividend
A dividend is a distribution of a portion of company’s earnings, decided and managed by the company’s board of directors, and paid to the shareholders. Dividends are given on the shares. It is a token reward paid to the shareholders for their...