Question
ACME, Inc. reported the following income statement for 2021: Sales $3539290 Variable Costs $970874 Fixed Operating Costs $645114 Interest Expense $224146 Earnings Per Share $4.28
ACME, Inc. reported the following income statement for 2021:
| Sales | $3539290 |
| Variable Costs | $970874 |
| Fixed Operating Costs | $645114 |
| Interest Expense | $224146 |
| Earnings Per Share | $4.28 |
If ACME's sales next year increase by 22%, what will ACME's earnings per share be?
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Intermediate Accounting Volume 1
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy
12th Canadian edition
119-49633-5, 1119496497, 1119496330, 978-1119496496
