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

Question

1 Approved Answer

The Fitness Studio, Inc's, 2021 income statement lists the following income and expenses: EBITDA =$935,000, EBIT =$776,500, interest expense =$112,000, and taxes =$232,575. The firm

image text in transcribed
The Fitness Studio, Inc's, 2021 income statement lists the following income and expenses: EBITDA =$935,000, EBIT =$776,500, interest expense =$112,000, and taxes =$232,575. 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

Short Term Financial Management

Short Term Financial Management

Authors: John Zietlow, Matthew Hill, Terry Maness

5th Edition

1516512405, 9781516512409

More Books

Students also viewed these Finance questions

Question

★★★★★
You are performing the audit of the JZ Limited (JZ) financial statements for its year ended September 30, 20X2. JZ is a private company that provides computer network repair services to businesses in...

Answered: 1 week ago

Question

★★★★★
Guelph Inc. would like you to assess the after-tax viability of a new machine using annual worth analysis. The machine costs $1,000,000 and are expected to save the company $175,000/y for the next 15...

Answered: 1 week ago

Question

★★★★★
10. Property Values In Chapter 10, you compared the property evaluations of two tax assessors, A and B, as shown in the table below. a. Use the sign test to determine whether the data present...

Answered: 1 week ago

Question

★★★★★
The Village of Seaside Pines prepared the following enterprise fund Trial Balance as of December 31, 2017, the last day of its fiscal year. The enterprise fund was established this year through a...

Answered: 1 week ago

Question

★★★★★
At the beginning of this year, a group of lawyers and accountants in Calgary decided to join efforts in providing one-stop legal and accounting consulting services to industry and the government. The...

Answered: 1 week ago

Question

★★★★★
A stocks expected return has the following distribution: Outcome Probability Return Recession 25% -30% Expansion 40% 15% Boom 35% 55% What is the stocks expected return? (2 marks) What is the...

Answered: 1 week ago

Question

★★★★★
Current Attempt in Progress The following transactions of Beltville College transpired during 2025. The funds necessary are the Endowment Fund, the Annuity Fund, the Plant Fund-Unexpended, the Plant...

Answered: 1 week ago

Question

★★★★★
Given Information:" Enter a formula in the place of each "?" Make sure to use a conditional statement in cell D33. 1 Cash on hand at the company and not yet deposited at the bank. 5,475 2 EFT for...

Answered: 1 week ago

Question

★★★★★
B. Franc earns $15 an hour as a delivery driver. His company also pays him $30 a week for car maintenance. What is the function that describes Franc's weekly earnings? 1 answer

Answered: 1 week ago

Question

★★★★★
1. Matilda has been highly agitated for the past 2 weeks, particularly when watching TV. She believes that news stories about crimes occurring nationally are directed at her and that the reporters...

Answered: 1 week ago

Question

★★★★★
Greg, 40, and Melanie, 38, come to therapy with their son Adrian, who is 13. Greg explains that Adrian has always been a little different. He describes his son as a reader and a dreamer who was...

Answered: 1 week ago

Question

★★★★★
1 A s an employee, how would you react to the introduction of 3 60-d egree appraisals? Suntrust Bank, with total assets of $173. 2 billion, is one of the USAs leading financial services holding...

Answered: 1 week ago

Question

★★★★★
1 What are the four principles of Astra Zenecas performance management system?

Answered: 1 week ago

Question

★★★★★
2 What is the philosophy of performance management?

Answered: 1 week ago

Previous Question Next Question