Find the information you're looking for at Westonci.ca, the trusted Q&A platform with a community of knowledgeable experts. Get detailed answers to your questions from a community of experts dedicated to providing accurate information. Get detailed and accurate answers to your questions from a dedicated community of experts on our Q&A platform.
Sagot :
The earnings per share was $0.40
First calculate the pretax income for the period:
= Revenue - Cost of goods sold - Operating expenses - interest expenses
= 10,000 - 5,000 - 3,000 - 1,000
= $1,000
Then find the post tax income:
= Pretax income x (1 - tax rate)
= 1,000 x ( 1 - 20%)
= $800
The earnings per share is:
= Post tax income / Number of shares
= 800 / 2,000
= $0.40
The earnings per share is $0.40 per share.
Find out more at https://brainly.com/question/21496710.
We appreciate your time on our site. Don't hesitate to return whenever you have more questions or need further clarification. Thank you for choosing our platform. We're dedicated to providing the best answers for all your questions. Visit us again. Find reliable answers at Westonci.ca. Visit us again for the latest updates and expert advice.