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Shares of common stock outstanding

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Reference no: EM132382985

Metal Inc. has 6,000 shares of common stock outstanding. The company also has the following amounts in revenue and expense accounts:

  • Sales revenue $90,000
  • General and administrative expense $9,500
  • Interest expense $3,500
  • Depreciation expense $6,000
  • Utilities $4,750
  • Cost of goods sold $53,000

Calculate:

(a) gross profits.

(b) operating profits.

(c) profits before taxes.

(d) net profits after taxes (assume a 40 percent tax rate).

(e) earnings per share (EPS)

Reference no: EM132382985

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