Question

Use the information in the following stock quote to calculate Abercrombie & Fitch’s earnings per share over the last year. (Round your answer to 2 decimal places. (e.g., 32.16))

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Name	Symbol	Open	High	Low	Close	Net Chg	%Chg	Volume	52 Week High	52 Week Low	Div	Yield	PE	YTD %Chg
Abercrombie & Fitch	ANF	28.89	29.41	28.20	28.60	−1.11	−3.74	2,334,747	42.12	19.76	0.60	2.10	46.29	6.79

  

Earnings per share

$

Answer 1

Solution:
	Earnings per share	$0.62
Working Notes:
	Earnings per share (EPS) = Close price/PE ratio
	Earnings per share (EPS) = 28.60/46.29
	Earnings per share (EPS) = $0.617844027
	Earnings per share (EPS) = $0.62	per share
In quoted	PE ratio is given on the basis of close price or last transaction price divided by EPS of the period.
	PE = Close price /EPS
	EPS = close price/PE
Please feel free to ask if anything about above solution in comment section of the question.