Greenfield Farms's 2023 income statement lists the following income and expenses: EBIT = $650,000, Interest Expense = $75,000, and Taxes = $190,000. Greenfield Farms has no preferred stock outstanding and 250,000 shares of common stock outstanding. What are its 2023 earnings per share? (Round your answer to 2 decimal places.)

Greenfield Farms's 2023 income statement lists the following income and expenses: EBIT = $650,000, Interest Expense = $75,000, and Taxes = $190,000. Greenfield Farms has no preferred stock outstanding and 250,000 shares of common stock outstanding. What are its 2023 earnings per share? (Round your 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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