Question
ACME, Inc. reported the following income statement for 2021: Sales $3402487 Variable Costs $932196 Fixed Operating Costs $654887 Interest Expense $207970 Earnings Per Share $5.35
ACME, Inc. reported the following income statement for 2021:
| Sales | $3402487 |
| Variable Costs | $932196 |
| Fixed Operating Costs | $654887 |
| Interest Expense | $207970 |
| Earnings Per Share | $5.35 |
If ACME's sales next year increase by 18%, what will ACME's earnings per share be?
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Public Finance A Contemporary Application Of Theory To Policy
Authors: David N Hyman
10th Edition
053875446X, 978-0538754460
