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Earnings analysis problem

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Tyrell Company had 1.5 million shares of stock outstanding at the beginning of the year and 1.87 million shares at the end of the year. After issuing 0.37 million shares at the beginning of the second quarter, if Tyrell had earnings available to common shareholders of $6.5 million, what is the company's earnings per share?

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Solution Summary

Earnings per share of Tyrell company is calculated by considering time.

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Earnings per share (EPS)= Earnings available to common stockholders/ Number of common shares outstanding

EPS= $6.5 million ...

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