Answered

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Hungry Lunch has net income of $68,710, a price-earnings ratio of 13.7, and earnings per share of $.24. How many shares of stock are outstanding

Sagot :

Ritmeks

The number of outstanding shares is 286,292


The formular to calculate the outstanding shares is


= Net income/Earnings per share


Net income= $68,710

Earnings per share= $0.24


Outstanding shares= 68,710/0.24

= 286,292


Hence the outstanding shares is 286,292


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https://brainly.com/question/5419780?referrer=searchResults

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