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Given the following information, calculate earnings per share. **Round to the nearest cent. Earnings before depreciation, interest, and taxes $1,600,000 Depreciation expense $100,000 Tax rate
Given the following information, calculate earnings per share. **Round to the nearest cent.
Earnings before depreciation, interest, and taxes $1,600,000
Depreciation expense $100,000
Tax rate 40%
Interest expense $10,000
Common dividends paid $200,000
Number of shares of common stock outstanding $500,000
1.79
1.39
3.20
1.20
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