A firm has gross profit of $45 million, EBIT of $20 million, and net income of $8.5 million. If the firm has 5 million shares outstanding, what is the firm's EPS?

Intermediate Financial Management (MindTap Course List)
13th Edition
ISBN:9781337395083
Author:Eugene F. Brigham, Phillip R. Daves
Publisher:Eugene F. Brigham, Phillip R. Daves
Chapter7: Analysis Of Financial Statements
Section: Chapter Questions
Problem 6P
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A firm has gross profit of $45 million, EBIT of $20 million, and net income of $8.5 million. If the firm has 5 million shares outstanding, what is the firm's EPS?

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