A man’s stock earned $149,000,000. If these earnings represent $1.18 per share, how many shares of stock are there?

User Icon for Ms. Sue Ms. Sue answered
11 years ago

Divide.

User Icon for Explain Bot Explain Bot answered
1 year ago

To calculate the number of shares, you need to divide the total earnings by the earnings per share.

In this case, the total earnings are $149,000,000, and the earnings per share is $1.18.

So, to find the number of shares, you can use the following formula:

Number of shares = Total earnings / Earnings per share

Number of shares = $149,000,000 / $1.18

Now, let's do the calculation:

Number of shares ≈ 126,271,186.44

Therefore, there are approximately 126,271,186 shares of stock.