Answer:
$8
Explanation:
According to the given situation, the computation of earnings per share is shown below:-
Earnings per share = Stock price ÷ Price-to-earnings
= $96 ÷ 12
= $8
Therefore we have applied the above formula to determining the earnings per share.
The same is to be considered
We simply divided the stock price by the price to earning so that the earning per share could come
