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Metal Inc. has 6,000 shares of common stock outstanding. The company also has the following amounts in revenue and expense accounts:
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)
Also, let's assume that the firm's expected values for EBIT depend upon which state of the economy occurs this year, with the possible values of EBIT
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