Income statement lists the income and expenses

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Reference no: EM131317567

1. Income Statement Bullseye, Inc.'s 2008 income statement lists the following income and expenses: EBIT = $705,500, Interest expense = $51,000, and Taxes = $222,500. Bullseye's has no preferred stock outstanding and 250,000 shares of common stock outstanding. What are the 2008 earnings per share?

$2.62

$1.93

$1.73

$2.82

2. Statement of Retained Earnings TriCycle, Corp. began the year 2008 with $28 million in retained earnings. The firm earned net income of $8.3 million in 2008 and paid $1.13 million to its preferred stockholders and $3.13 million to its common stockholders. What is the year-end 2008 balance in retained earnings for TriCycle?

$36.3 million

$40.56 million

$28 million

$32.04 million

3. Statement of Retained Earnings Triplette, Corp. began the year 2008 with –$5.04 million in retained earnings. The firm earned net income of $10.04 million in 2008 and paid $2.04 million to its preferred stockholders and $1.04 million to its common stockholders. What is the year-end 2008 balance in retained earnings for Triplette?

$5.04 million

$18.16 million

$8.08 million

$1.92 million

Reference no: EM131317567

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