Question
Park Inc. earned EBIT $10,000,000 last year. Tax rate was 40%, interest expense $2,000,000. Number of common shares were as follows: Beginning of year: 500,000
- Park Inc. earned EBIT $10,000,000 last year. Tax rate was 40%, interest expense $2,000,000.
Number of common shares were as follows:
Beginning of year: 500,000
Issued on October 1: 1,000,000
Calculate the EPS of the company. Year ending of the company is March 31?
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Accounting Principles Volume 2
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara A. Trenholm, Valerie A. Kinnear, Joan E. Barlow
6th Canadian Edition
1118557328, 978-1118557327
