Epic, Inc.'s 2018 income statement lists the following income and expenses: EBIT = $1,000,000, interest expense = $75,000, and taxes = $277,500. Epic has no preferred stock outstanding and 100,000 shares of common stock outstanding. What are its 2018 earnings per share?
A) $10.00
B) $9.25
C) $7.225
D) $6.475

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The Answer of Epic, Inc.'s 2018 income statement lists the following income and expenses: EBIT = $1,000,000, interest expense = $75,000, and taxes = $277,500. Epic has no preferred stock outstanding and 100,000 shares of common stock outstanding. What are its 2018 earnings per share?
A) $10.00
B) $9.25
C) $7.225
D) $6.475

Epic, Inc'S 2018 Income Statement Lists the Following Income and Expenses