Meadow field Corp.'s 2019 income statement lists the following income and expenses: EBIT = $650,000, Interest Expense = $60,000, and Taxes = $180,000. The company has no preferred stock outstanding and 250,000 shares of common stock outstanding. What are its 2019 earnings per share? (Round the answer to 2 decimal places.)

Meadow field Corp.'s 2019 income statement lists the following income and expenses: EBIT = $650,000, Interest Expense = $60,000, and Taxes = $180,000. The company has no preferred stock outstanding and 250,000 shares of common stock outstanding. What are its 2019 earnings per share? (Round the answer to 2 decimal places.)

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

Chapter16: Retained Earnings And Earnings Per Share

Section: Chapter Questions

Problem 9P

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