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Determine a firms earnings per share

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Determine a firm's earnings per share from the following information.

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

Submitted: 4 years ago.
Category: Finance
Expert:  JKCPA replied 4 years ago.

Thanks for the question.

Please click here to download the solution.

Hope this helps!
Customer: replied 4 years ago.

When I click on the solution, it says Error

Expert:  JKCPA replied 4 years ago.

Sorry, there must have been an error in the link.

Please try this link.


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