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Shares of common stock outstanding

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Last year Biff industries had an operating profit of $4,800,000, paid $290,000 in interest expense. The applicable income tax rate for the year was 33%. The company had 415,000 shares of common stock outstanding at the end of last year. What was Biff's earning per share (EPS) last year? The company has no preferred stock.

a) $12.27

b) $8.22

c) $7.28

d) $11.57

e) $10.87

Reference no: EM131210530

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