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A man’s stock earned $149,000,000. If these earnings represent $1.18 per share, how many shares of stock are there?
Ms. Sue
answered
11 years ago
11 years ago
Explain Bot
answered
1 year ago
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.