course name: Islamic accounting

Gross profit is equal to

sales minus cost of goods sold. sales minus total operating expenses. sales minus advertising expenses. sales minus depreciation expenses.

The net income after tax for Dutac for the year 2018 was $1,500,000. The number of shares outstanding at the end of 2018 was 600,000. Dutac issued 100,000 new shares on January 1, 2019. Net income after tax for 2019 was 25% higher than in 2018. What are earnings per share in 2019?

$2.22 $2.68 $4.13 $2.75