Barnyard, Inc.'s 2008 income statement lists the following income and expenses: EBIT = $502,000, Interest expense = $48,000, and Taxes = $154,000. Barnyard's has no preferred stock outstanding and 220,000 shares of common stock outstanding. What are its 2008 earnings per share? (Round answer to 2 decimal places.)

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Chapter1: Financial Statements And Business Decisions
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Barnyard, Inc.'s 2008 income statement lists the following income and expenses:
EBIT = $502,000, Interest expense = $48,000, and Taxes = $154,000. Barnyard's
has no preferred stock outstanding and 220,000 shares of common stock
outstanding. What are its 2008 earnings per share? (Round answer to 2 decimal
places.)
Transcribed Image Text:Barnyard, Inc.'s 2008 income statement lists the following income and expenses: EBIT = $502,000, Interest expense = $48,000, and Taxes = $154,000. Barnyard's has no preferred stock outstanding and 220,000 shares of common stock outstanding. What are its 2008 earnings per share? (Round answer to 2 decimal places.)
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