ncome Statement Bullseye, Inc.'s 2008 income statement lists the following income and expenses: EBIT = $702,000, Interest expense = $53,000, and Taxes = $219,000. Bullseye's has no preferred stock outstanding and 320,000 shares of common stock outstanding. What are the 2008 earnings per share?Multiple Choice $1.51 $2.03 $1.34 $2.19

Question
Asked Oct 24, 2019

ncome Statement Bullseye, Inc.'s 2008 income statement lists the following income and expenses: EBIT = $702,000, Interest expense = $53,000, and Taxes = $219,000. Bullseye's has no preferred stock outstanding and 320,000 shares of common stock outstanding. What are the 2008 earnings per share?

Multiple Choice

  •  
    $1.51
  •  
    $2.03
  •  
    $1.34
  •  
    $2.19
check_circleExpert Solution
Step 1

earnings per share = EPS = Net income / Number of shares outstanding

Net income = EBIT - Interest - Taxes

Step 2

Hence, for Bullseye for the year 2008,

Net income = ...

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