Question
5. Long Beach Golf Supply Company recently reported revenue of $12.62 billion. The firm's profit margin is 9.2%. The firm has 158 million shares at
5. Long Beach Golf Supply Company recently reported revenue of $12.62 billion. The firm's profit margin is 9.2%. The firm has 158 million shares at the end of the year, but the weighted average number of shares outstanding during the year was 156.8 million. Compute the earnings per share (EPS) for the firm.
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Essentials of Managerial Finance
Authors: Scott Besley, Eugene F. Brigham
14th edition
324422709, 324422702, 978-0324422702
