Answered: A firm has gross profit of $45 million,…

A firm has gross profit of $45 million, EBIT of $20 million, and net income of $8.5 million. If the firm has 5 million shares outstanding, what is the firm's EPS?

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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A firm has gross profit of $45 million, EBIT of $20 million, and net income of $8.5 million. If the firm has 5 million shares outstanding, what is the firm's EPS?

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