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.)

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.)

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 55E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...

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