Earning per share
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Determine a firm's earnings per share from the following information. (all in $)
Corporate income tax rate 25%
Number of shares outstanding 10,000
Cost of goods sold $60,000
Interest earned 2,400
Selling and administrative expense 15,000
Interest expense 5,000
Sales 100,000
Annual credit sales 90,000
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Solution Summary
The solution computes Earning per share.
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Income Statement
Sales: 100,000
Less COGS: 60,000
Gross Profit: ...
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