Fill in the Blank QuestionFill in the blank question.Earnings per share equals after-tax income divided by the number of outstanding.

Break Down the Problem

1. Identify the key components needed to fill in the blank regarding Earnings per Share (EPS).
2. Understand the definition and formula for EPS.

Relevant Concepts

1. The formula for Earnings per Share is: $\text{EPS} = \frac{\text{After-tax Income}}{\text{Number of Outstanding Shares}}$

Analysis and Detail

1. After-tax Income: This represents the net income of a company after taxes have been deducted.
2. Number of Outstanding Shares: This refers to the total shares of stock that are currently owned by all shareholders, including shares held by institutional investors and company insiders.

Verify and Summarize

1. The components necessary to calculate EPS are correctly identified as after-tax income and the number of outstanding shares.

Final Answer

Earnings per share equals after-tax income divided by the number of outstanding shares.