Question
Below is select information from VC United income statement. At the end of Year 1, the weighted average number of common shares outstanding was 138,500.
Below is select information from VC United income statement. At the end of Year 1, the weighted average number of common shares outstanding was 138,500.
| Income Statement, End of Year 1 | |||
| Sales | $ | 1,007,000 | |
| Cost of goods sold | 813,000 | ||
| Operating expenses | 93,000 | ||
| Tax expense | 21,500 | ||
Required:
Calculate EPS for VC United. (Round your answer to 2 decimal places.)
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Cost Management Accounting And Control
Authors: Don R. Hansen, Maryanne M. Mowen
3rd Edition
0324002327, 978-0324002324
