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Barker Creek Clothing has after-tax income of $6.4 million and its earnings per share are $0.20. How many shares of stock does it have outstanding

Answer :

abiolataiwo2015

Based on the information given the number of shares that it have outstanding is: 32 million shares.

Using this formula

Shares outstanding=After-tax income Earnings per share

Where:

After-tax income=$6.4 million

Earnings per share=$0.20

Let plug in the formula

Shares outstanding=$6.4 million/$0.20

Shares outstanding=32 million shares

Inconclusion the number of shares that it have outstanding is: 32 million shares.

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