Preferred stock outstanding-income and expenses

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Reference no: EM131061058

The Fitness Studio, Inc.'s, 2012 income statement lists the following income and expenses: EBIT = $778,000, interest expense = $190,000, and taxes = $205,800. The firm has no preferred stock outstanding and 100,000 shares of common stock outstanding. Calculate the 2012 earnings per share.

Reference no: EM131061058

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