Question
The Fitness Studio, Inc.'s, 2015 income statement lists the following income and expenses: EBIT = $783,500, interest expense = $300,000, and taxes =$169,225. The firm
The Fitness Studio, Inc.'s, 2015 income statement lists the following income and expenses: EBIT = $783,500, interest expense = $300,000, and taxes =$169,225. 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.)
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Finance Applications and Theory
Authors: Marcia Cornett, Troy Adair
3rd edition
1259252221, 007786168X, 9781259252228, 978-0077861681
