BREAKING: Target Test Prep releases Brand New 2026 On Demand GMAT prep course

Redeem

Target Test Prep · GMAT

Choose how you want to prepare

Learn live with an expert or move at your own pace. Every option includes the complete TTP study system.

★★★★★5.0559 reviews
GMATLiveTeach Starts Oct 17
Chris Peckover, Target Test Prep GMAT expert
LIVE ONLINE CLASSES

Get Ready for GMAT Test Day Faster with Live Online Classes

with Chris Peckover, 100th-Percentile GMAT Scorer

Oct 17 · Chris Peckover
Sat · 11:00 AM to 2:00 PM ET
Oct 20 · Chris Peckover
Tue, Thu · 8:00 to 10:00 PM ET
Oct 25 · Josh Braslow
Sun · 1:00 to 4:00 PM ET
Included
40 hours of live online classes + 6 months of TTP OnDemand
  • Attend the first class for free
  • Every class is recorded, so you never fall behind
View classes & enroll
Limited seats availableTarget Test Prep
EALiveTeachOnDemand 5 seats left Start anytime
EXECUTIVE ASSESSMENT

Target Test Prep EA OnDemand

Self-paced EA prep. Study on your schedule.

Logan Thompson
EXECUTIVE ASSESSMENT

Sep 6 to Dec 6, 2026

with Logan Thompson

165+ EA score guarantee
$05-day trial no automatic billing
Schedule
Sun · 9:30 AM to 12:30 PM ET
Included
40 hours of live online classes plus six months of access to the complete TTP EA OnDemand course.
  • 165+ EA Score Guarantee
  • 4,100+ Quant, Verbal, and Integrated Reasoning practice questions
  • 400+ hours of in-depth video lessons
  • 3,000+ step-by-step video solutions
View EA class & enroll Start free 5-day trial
Limited cohort · enrollment openTrial includes full course accessTarget Test Prep
GMATOnDemand Start anytime
SELF-PACED MASTERCLASS

Target Test Prep GMAT OnDemand

Complete access from day one. Study on your schedule.

715+ score guarantee
$0to start then $127/mo
  • Personalized study plan and analytics
  • Thousands of lessons and practice questions
Start free 5-day trial
Read 559 reviewsTarget Test Prep

Compare the format, schedule, and included access before enrolling. Prices and seat counts shown reflect the supplied offer details.

PS

Expert replies
Post new topic Post Reply
Previous Topic Next Topic
Senior | Next Rank: 100 Posts
Posts: 66
Joined: Tue Jun 05, 2007 1:39 pm
Thanked: 1 times
by hakyology » Wed Jul 02, 2008 10:16 am
a corporation with 5,000,000 shares of publicly listed stock reported total earnings of $7.20 pe share for the first 9 months of operation. During the final quarter the number of publicly listed shares was increased to 10,000,000 shares, and fourth quarter earnings were reported as $1.25 per share. What are the average annual earnings per share based on the number of shares at the end of the year?


Thank you.
Top
Join the discussion
Log in to postLogin with Googleuse password
QUOTE IN REPLY
Source: — Problem Solving |
Junior | Next Rank: 30 Posts
Posts: 18
Joined: Sun Jun 22, 2008 11:25 am
Location: NY
Thanked: 1 times

by asigheartau » Wed Jul 02, 2008 11:47 am
I think the answer is $4.85.

Earnings per share is the ratio btwn E. earnings and the number of shares.
Hence, for the first 9 months:

E/5,000,000=7.2 => E= 36,000,000

the last quarter:

E/10,000,000=1.25 => E=12,500,000

Earnings for the year totaled 48.5 million while the shares doubled to 10 million.

Representing this as a ratio gives us the total EPS as 48.5 mil/10mil=4.85

Please check for the answer and let me know. I am quite curious myself
Top
Join the discussion
Log in to postLogin with Googleuse password
QUOTE IN REPLY
Senior | Next Rank: 100 Posts
Posts: 66
Joined: Tue Jun 05, 2007 1:39 pm
Thanked: 1 times

you're right.

by hakyology » Wed Jul 02, 2008 3:29 pm
thank you.
Top
Join the discussion
Log in to postLogin with Googleuse password
QUOTE IN REPLY
Junior | Next Rank: 30 Posts
Posts: 25
Joined: Tue Jul 01, 2008 11:54 am
Location: San Diego

by somail » Wed Jul 02, 2008 3:35 pm
I think asigheartau is on the right track, but I think it needs to be an average.

1. So (Q1+Q2+Q3+Q4)/4= Average earnings for the year

(36,000,000+12,500,000)/4=$12,125,000

2. Average Earning/10,000,000 = Ave earnings per share.

$12,125,000/10,000,000 = $1.21
Top
Join the discussion
Log in to postLogin with Googleuse password
QUOTE IN REPLY
Senior | Next Rank: 100 Posts
Posts: 66
Joined: Tue Jun 05, 2007 1:39 pm
Thanked: 1 times

by hakyology » Wed Jul 02, 2008 3:42 pm
I double-checked the answer and it was precisely, $4.85.
Top
Join the discussion
Log in to postLogin with Googleuse password
QUOTE IN REPLY
Post new topic Post Reply
• Page 1 of 1