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Description Sales Sales discount Sales returns and allowances Cost of goods sold Operating expense Income tax expense Amount $400,000 $16,000 $13,000 $117.000 $153.000 $23,750 There are 25,000 shares outstanding throughout the year. What is the earnings per share?

Description Sales Sales discount Sales returns and allowances Cost of goods sold Operating expense Income tax expense Amount $400,000 $16,000 $13,000 $117.000 $153.000 $23,750 There are 25,000 shares outstanding throughout the year. What is the earnings per share?

Managerial Accounting: The Cornerstone of Business Decision-Making
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 54E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...
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A company reported the following data for the year ending 2018: Description Sales Sales discount Sales returns and allowances Cost of goods sold Operating expense Income tax expense $3.01 per share There are 25,000 shares outstanding throughout the year. What is the earnings per share? $4.04 per share Amount $3.09 per share $400,000 $16,000 $13,000 $117,000 $153,000 $23,750
Transcribed Image Text:A company reported the following data for the year ending 2018: Description Sales Sales discount Sales returns and allowances Cost of goods sold Operating expense Income tax expense $3.01 per share There are 25,000 shares outstanding throughout the year. What is the earnings per share? $4.04 per share Amount $3.09 per share $400,000 $16,000 $13,000 $117,000 $153,000 $23,750
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