FREE Trial
Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

The Fitness Studio, Inc; 5,2021 income statement lists the following income and expenses: EBITDA =$953,000, EBIT =$781,000, interest expense =$130,000, and taxes =$227,850. The firm

image text in transcribed
The Fitness Studio, Inc; 5,2021 income statement lists the following income and expenses: EBITDA =$953,000, EBIT =$781,000, interest expense =$130,000, and taxes =$227,850. The firm has no preferred stock outstanding and 100,000 shares of common stock outstanding. Calculate the 2021 earnings per share. (Round your answer to 2 decimal places.)

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Financial Management For Public Health And Not For Profit Organizations

Financial Management For Public Health And Not For Profit Organizations

Authors: Steven A. Finkler

1st Edition

0130176141, 9780130176141

More Books

Students also viewed these Finance questions

Question

★★★★★
The four stocks listed in the text are part of an index. Using the prior information, a. Compute a price-weighted index by adding the stocks' prices at time t and time t + 1. What is the percentage...

Answered: 1 week ago

Question

★★★★★
Refer to TJX Financial Statement. 1.) For the fiscal year 2019, what is the funded status of TJX's defined benefit plan? 2.) In what line item of TJX's balance sheet do you think the funded status is...

Answered: 1 week ago

Question

★★★★★
Journal of Consulting and Clinical Psychology

Answered: 1 week ago

Question

★★★★★
Your audit manager has asked you to explain the PCAOB Assertions by using an account on the balance sheet at your audit client. For the accounts receivable account, please define each of the PCAOB...

Answered: 1 week ago

Question

★★★★★
Condensed financial statements for Games Galore are summarized below: Required: Compute the following liquidity ratios for 2022. Round to the required number of decimal places using the Excel =ROUND...

Answered: 1 week ago

Question

★★★★★
Suppose the marginal benefit of writing a contract is $100, independent of its length. Find the optimal contract length when the marginal cost of writing a contract of length L is: a. MC ( L ) = 30 +...

Answered: 1 week ago

Question

★★★★★
A Federally assisted disaster relief program is trying to streamline its services and provide one-stop shopping for residents with special needs. As part of this effort, program planners decide to...

Answered: 1 week ago

Question

★★★★★
Explain the nature of human resource management.

Answered: 1 week ago

Question

★★★★★
Write a note on Quality circles.

Answered: 1 week ago

Question

★★★★★
Evaluate the various ways available to make the quality circle effective.

Answered: 1 week ago

Question

★★★★★
Describe how to measure the quality of work life.

Answered: 1 week ago

Question

★★★★★
2. Discuss and suggest the type of appraisal methods that Brenda should recommend the company use. Brenda Jackson, a newly hired human resources manager, has been on the job for approximately six...

Answered: 1 week ago

Question

★★★★★
11.4 Explain equity theory of motivation and how an organization can address feelings of inequity.

Answered: 1 week ago

Question

★★★★★
10.7 Discuss the various sources of performance appraisal including the 360-degree appraisal.

Answered: 1 week ago

Previous Question Next Question