Johnson Plumbing Services has sales of $1,250,000, operating costs of $620,000, depreciation expense of $85,000, and interest expense of $45,000. The company's tax rate is 24 percent. Johnson Plumbing paid $110,000 in cash dividends and has 120,000 shares of common stock outstanding. What is the company's earnings per share (EPS)?

Johnson Plumbing Services has sales of $1,250,000, operating costs of $620,000, depreciation expense of $85,000, and interest expense of $45,000. The company's tax rate is 24 percent. Johnson Plumbing paid $110,000 in cash dividends and has 120,000 shares of common stock outstanding. What is the company's earnings per share (EPS)?

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter5: The Income Statement And The Statement Of Cash Flows

Section: Chapter Questions

Problem 1RE: Brandt Corporation had sales revenue of 500,000 for the current year. For the year, its cost of...

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