The Fitness Studio, Inc., 2021 income statement lists the following income and expenses: EBITDA EBIT $939,000 $777,500 Interest expense $116,000 Taxes $231,525 The firm has no preferred stock outstanding and 100,000 shares of common stock outstanding. Calculate the 2021 earnings per share.

The Fitness Studio, Inc., 2021 income statement lists the following income and expenses: EBITDA EBIT $939,000 $777,500 Interest expense $116,000 Taxes $231,525 The firm has no preferred stock outstanding and 100,000 shares of common stock outstanding. Calculate the 2021 earnings per share.

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 53E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...

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