Westonci.ca is the premier destination for reliable answers to your questions, brought to you by a community of experts. Join our Q&A platform to connect with experts dedicated to providing accurate answers to your questions in various fields. Connect with a community of professionals ready to provide precise solutions to your questions quickly and accurately.
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.
Thank you for visiting our platform. We hope you found the answers you were looking for. Come back anytime you need more information. We appreciate your time. Please revisit us for more reliable answers to any questions you may have. Thank you for visiting Westonci.ca, your go-to source for reliable answers. Come back soon for more expert insights.