The fitness studio inc 2018 income statement lists the following income and expenses: EBIT=776,000, interest expense=...
The fitness studio inc 2018 income statement lists the following income and expenses: EBIT=776,000, interest expense= 150,000, and taxes=219,100. The firm has not preferred stock outstanding and 100,000 shares of common stock outstanding.
Calculate the 2018 earnings per share ( Round your answer to 2 decimal places)
Homework Answers
| EBIT | 776000 |
| Less:interest | 150,000 |
| EBT | 626000 |
| Less:taxes | 219100 |
| Net income | $406900 |
EPS=Net income/Common stock outstanding
=$406900/100,000
=4.07(Approx).
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