Answered step by step
Verified Expert Solution
Question
1 Approved Answer
The Fitness Studio, Inc.'s, 2015 income statement lists the following income and expenses: EBIT = $779,500, interest expense = $220,000, and taxes = $195,825. The
The Fitness Studio, Inc.'s, 2015 income statement lists the following income and expenses: EBIT = $779,500, interest expense = $220,000, and taxes = $195,825. The firm has no preferred stock outstanding and 100,000 shares of common stock outstanding. |
Calculate the 2015 earnings per share. (Round your answer to 2 decimal places.) |
Earnings per share | $___________ |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started