Cohen Inc. has earnings before taxes of $467,500. The company has a tax rate of 30%. On January 1, the company had outstanding 42,000 shares; on June 1 the company repurchased (through stock buy-back provisions) 12,000 shares; and on October 1, an additional 14,000 shares of common stock were issued. What is the earnings per share for the year (to the nearest cent)? $4.74 $8.50 $5.80 $12.14
Cohen Inc. has earnings before taxes of $467,500. The company has a tax rate of 30%. On January 1, the company had outstanding 42,000 shares; on June 1 the company repurchased (through stock buy-back provisions) 12,000 shares; and on October 1, an additional 14,000 shares of common stock were issued. What is the earnings per share for the year (to the nearest cent)? $4.74 $8.50 $5.80 $12.14
Cohen Inc. has earnings before taxes of $467,500. The company has a tax rate of 30%. On January 1, the company had outstanding 42,000 shares; on June 1 the company repurchased (through stock buy-back provisions) 12,000 shares; and on October 1, an additional 14,000 shares of common stock were issued. What is the earnings per share for the year (to the nearest cent)? $4.74 $8.50 $5.80 $12.14
Transcribed Image Text:Cohen Inc. has earnings before taxes of $467,500. The company has a tax rate of 30%. On January 1, the company had outstanding 42,000 shares; on June 1 the company
repurchased (through stock buy-back provisions) 12,000 shares; and on October 1, an additional 14,000 shares of common stock were issued. What is the earnings per share for
the year (to the nearest cent)?
$4.74
$8.50
$5.80
$12.14
Definition Definition Structural system an enterprise uses to collect, store, report, retrieve, and process financial data. Accounting information systems are used by business analysts, auditors, accountants, and consultants for accurate and efficient access to financial data.
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