Based on this information, earnings per share was: Select one: a. $1.20 b. $1.00 c. $0.80 d. $0.40 e. none of the above

College Accounting, Chapters 1-27
23rd Edition
ISBN:9781337794756
Author:HEINTZ, James A.
Publisher:HEINTZ, James A.
Chapter24: Analysis Of Financial Statements
Section: Chapter Questions
Problem 6CE
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Suppose Ningbo Steel had sales revenue of $10,000 sales revenue, cost of goods sold of $5,000, operating expenses of $3000, interest expense of $1,000, a tax rate of 20%, and 2,000 shares of common stock outstanding. Based on this information, earnings per share was:

Select one:

a. $1.20

b. $1.00

c. $0.80

d. $0.40

e. none of the above

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