Why is earnings per share called “the bottom line”? What is EBIT, or operatingincome?

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter1: The Demand For And Supply Of Financial Accounting Information
Section: Chapter Questions
Problem 23GI
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Why is earnings per share called “the bottom line”? What is EBIT, or operating
income?

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