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sdas [7]
2 years ago
8

Billy’s Exterminators, Inc., has sales of $592,000, costs of $284,000, depreciation expense of $36,000, interest expense of $28,

000, a tax rate of 35 percent, and paid out $40,000 in cash dividends. The firm has 80,000 shares of common stock outstanding. What are the earnings per share?
Business
1 answer:
defon2 years ago
6 0

Answer:

EPS = $1.9825

Explanation:

EPS (earnings per share) = Net Income / shares of common stock outstanding

Income before taxes = $592,000 - $284,000 - $36,000 - $28,000 = $244,000

Tax = $244,000 x 35% = $85,400

Net Income = $244,000 - $85,400 = $158,600

EPS = $158,600 / 80,000 = $1.9825

Hope this helps!

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<h3>What is the definition of the golden rule?</h3>

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The golden rule would advise us to release someone who has been convicted of a crime and given a prison sentence, for instance, because we would not want to go to prison ourselves. This holds true even if we use the platinum rule because it's likely that the prisoner would choose to stay out of jail or prison.

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1 year ago
50 POINTS AND BRAINLIEST
Vikentia [17]

Answer: sorry i took long

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6. $150

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4 0
2 years ago
Business are hiring workers and GDP starts to increase as consumer spending increases
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3 years ago
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