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