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Your next-door neighbor's local restaurant is busy all day. She currently has annual gross sales of $15.80 million. Her expenses, which include ingredients, rent, and

image text in transcribed Your next-door neighbor's local restaurant is busy all day. She currently has annual gross sales of \$15.80 million. Her expenses, which include ingredients, rent, and personnel, run \$14.06 million. Your neighbor is considering bringing in outside investors. She would like to issue 2 million shares of stock and sell the stock for $27.80 each in an IPO. If she does this, how much would someone who purchases one share earn? In other words, what is the earnings per share for the company? 6.30 cents. 27.80 cents. 3.15 cents. 87.00 cents

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