Question
Candy Corporation has pretax profits of $1.2 million, an average tax rate of 40 percent, and it pays preferred dividends of $20,000. There are 100,000
Candy Corporation has pretax profits of $1.2 million, an average tax rate of 40 percent, and it pays preferred dividends of $20,000. There are 100,000 shares outstanding and no interest expenses. What is Candy Corporation's earnings per share?
| A. $7.02 | ||
| B. $4.52 | ||
| C. $7.42 | ||
| D. $7.00 |
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International Business Finance
Authors: Michael Connolly
1st Edition
0415701538, 9780415701532
