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Question Following is an excerpt from Shasta Inc.'s current financial statements. Revenue $5,325 Cost of sales 3,550 Gross profit 1,775 Operating expenses 850 Operating profit

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Question Following is an excerpt from Shasta Inc.'s current financial statements. Revenue $5,325 Cost of sales 3,550 Gross profit 1,775 Operating expenses 850 Operating profit before tax 925 The company's tax rate is 24%. It has 40 million shares outstanding. Due to poor market conditions, management expects gross profit to decrease 10% next year. What is the likely impact on Shasta Inc.'s EPS? A. 24.20 to 15.28 B. 17.58 to 14.20 C. 24.20 to 14.20 D. 24.20 to 14.20

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