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sdas [7]
3 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:
defon3 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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Answer:

Goals and set objectives

Explanation:

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Head of household  filing status should Wilhelmina indicate on her tax return

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For many people who file as head of household, their qualifying dependent is a child.

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3 years ago
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Answer:

False

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