Creekside Corporation's 2023 income statement reported EBIT of $620,000. Interest expenses amounted to $70,000, and the firm paid taxes totaling $165,000. If Creekside had no preferred stock and 250,000 shares of common stock outstanding, what was its earnings per share (EPS) in 2023?

Creekside Corporation's 2023 income statement reported EBIT of $620,000. Interest expenses amounted to $70,000, and the firm paid taxes totaling $165,000. If Creekside had no preferred stock and 250,000 shares of common stock outstanding, what was its earnings per share (EPS) in 2023?

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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Solve this problem general accounting question

Creekside Corporation's 2023 income statement reported EBIT of $620,000.
Interest expenses amounted to $70,000, and the firm paid taxes totaling $165,000.
If Creekside had no preferred stock and 250,000 shares of common stock
outstanding, what was its earnings per share (EPS) in 2023?

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