Suppose Ningbo Steel had sales revenue of $1011,000 sales revenue, cost of goods sold of $5,000, operating expenses of $3000, interest expense of $1,000, a tax rate of 20%, and 12,000 shares of common stock outstanding.Based on this information, earnings per share was:

Question

Quizplus · Accepted Answer

The sales revenue is incorrect as it should be $11,000 instead of $1011,000. With the correct figures, the earnings per share calculation would not match any of the given options.

Suppose Ningbo Steel Had Sales Revenue of $1011,000 Sales Revenue