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Your corporation has sales of $500,000, an EBIT of $150,000 and a net income of $100,000. It has 50,000 shares outstanding. a. What is its

Your corporation has sales of $500,000, an EBIT of $150,000 and a net income of $100,000. It has 50,000 shares outstanding. a. What is its earnings per share? b. What if sales increased to $600,000 and your EBIT remained at $150,000 but your net income dropped to $75,000 Does this affect your EPS and if so, what would be your new EPS

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