What will bob earnings per share be

Reference no: EM13288024

Bob's Baked Goods Company reported the following income statement for 2009:
Sales $2,500,000
Variable Costs 900,000
Fixed Operating Costs 700,000
EBIT 900,000
Interest Expense 200,000
EBT 700,000
Taxes (30%) 210,000
Net Income $490,000
Earnings Per Share $4.90

If Bob's sales next year increase by 20%, what will Bob's earnings per share be?

$5.76
$6.45
$7.14
$7.58

Reference no: EM13288024

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