The price of a share of common stock when it was sold

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ABC Corp. provides you with the following data: Sales: $500,000; Operating profit: $300,000; Interest expense: $25,000; Net Income: $100,000; Common stock (par): $10,000; Paid-in capital in excess of par: $210,000; total number of common shares outstanding: 10,000.

a. Given the above (and assuming no flotation costs) what was the price of a share of common stock when it was sold?

b. Assuming no preferred stock, what was the EPS?

Reference no: EM13849191

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