Value of net income is Rs 124,500,000 and common shares outstanding are Rs 60,000,000 then earning per share will be
A. Rs 2.75
B. Rs 0.48
C. Rs 2.08
D. Rs 2.80
Answer: Option C
Solution (By Examveda Team)
EPS = net income / average outstanding common shares.= 124500000 / 60000000
= 2.08

It's answer is 2.75
Beacuse when we divide
124500000 by 6000000
Then we get 2.75
If common shares outstanding are 50,000,000 and book value per share is 19.92 then total common equity will be__________