Question
9. Given the following information for Macro Drive Inc. 2017 Selling and Administrative Expenses $150,000 Depreciation Expense 280,000 Interest Expense 140,000 Sales 1,400,000 Taxes 135,500
9. Given the following information for Macro Drive Inc.
2017
Selling and Administrative Expenses $150,000
Depreciation Expense 280,000
Interest Expense 140,000
Sales 1,400,000
Taxes 135,500
Cost of Goods Sold 500,000
b) Further, assume that Micro Drive Inc. has 50,000 shares outstanding, calculate the Earnings Per Share (EPS) for the company for the period ending 2017.
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Intermediate Financial Management
Authors: Eugene F. Brigham, Louis C. Gapenski
4th Edition
0030754828, 978-0030754821
