Art's Boutique has sales of $610,000 and costs of $480,000.Interest expense is $40,000,dividends paid is $37,000,and depreciation is $60,000.The tax rate is 34 percent and there are 8,500 shares of stock outstanding.What is the earnings per share?
A) $1.99
B) $2.33
C) $3.53
D) $4.28
E) $2.67
Correct Answer:
Verified
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