Revival Corporation provides the following information
March 31, 2016 March 31, 2017
Net Income $358,000 $425,500
Preferred Dividends 0 0
Total Stockholders' Equity $4,380,000 $5,132,000
Stockholders' Equity attributable to Preferred Stock 0 0
Number of Common Shares Outstanding 294,464 195,168
Based on the information provided above, compute the earnings per share of Revival Corporation as of March 31, 2017. (Round any intermediate calculations and your final answer to the nearest cent.)
A) $1.22
B) $2.18
C) $1.74
D) $1.46
C .C)
Average Number of Common Shares Outstanding = (294,464 + 195,168 ) / 2 = 244,816.00
Earnings Per Share = Net Income / Average Number of Common Shares Outstanding Earnings Per Share = $425,500 / 244,816.00 = $1.74
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