The net income after tax for Dutac for the year 2018 was $1,500,000. The number of shares

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The net income after tax for Dutac for the year 2018 was $1,500,000.

The number of shares outstanding at the end of 2018 was 600,000.

Dutac issued 100,000 new shares on January 1, 2019. Net income after tax for 2019 was 25% higher than in 2018. What are earnings per share in 2019?

a. $2.22

b. $2.68

c. $4.13

d. $2.75

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Principles Of Islamic Accounting

ISBN: 9781119023296

1st Edition

Authors: Nabil Baydoun, Maliah Sulaiman, Roger J. Willett, Shahul Ibrahim

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Question Posted: Jan 31, 2024 04:00 AM

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The net income after tax for Dutac for the year 2018 was $1,500,000. The number of shares

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Principles Of Islamic Accounting

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