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The Fitness Studio, Inc.s 2018 income statement lists the following income and expenses: EBIT = $783,000, interest expense = $290,000, and taxes = $172,550. The
The Fitness Studio, Inc.s 2018 income statement lists the following income and expenses: EBIT = $783,000, interest expense = $290,000, and taxes = $172,550. The firm has no preferred stock outstanding and 100,000 shares of common stock outstanding.
Calculate the 2018 earnings per share. (Round your answer to 2 decimal places.)
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