Question
Please explain the following. Income Statement Barnyard, Inc.'s 2008 income statement lists the following income and expenses: EBIT = $502,000, Interest expense = $48,000, and
Please explain the following.
Income StatementBarnyard, Inc.'s 2008 income statement lists the following income and expenses: EBIT = $502,000, Interest expense = $48,000, and Taxes = $154,000. Barnyard's has no preferred stock outstanding and 220,000 shares of common stock outstanding. What are its the 2008 earnings per share? (Round answer to 2 decimal places.)
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Accounting Volume 2
Authors: James Reeve, Jonathan Duchac, Sheila Elworthy, Carl S. Warren
2nd Canadian edition
176501452, 978-0176501457, 978-0176509743
