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How do calculate the earnings per share

Assignment Help Managerial Accounting
Reference no: EM132971490

Problem 1: Calculate net income.

Sales $280,000

Cost of goods sold 160,000

Interest income 10,000

Interest expense 15,000

Operating expenses 65,000

Income taxes 7,500

10,000 shares of stock are outstanding.

Problem 2: Calculate the earnings per share.

Sales $280,000

Cost of goods sold 160,000

Interest income 10,000

Interest expense 15,000

Operating expenses 65,000

Income taxes 7,500

10,000 shares of stock are outstanding

Reference no: EM132971490

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