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Pollack Ltd Had 10 Million Shares Outstanding at the End

Question 7

Multiple Choice

Pollack Ltd had 10 million shares outstanding at the end of 2009.The company's earnings before interest and tax,at the end of 2009,were $50 million.The company had to pay interest of $15 million and corporate tax of $7 million (20% corporate tax rate) .What was EPS (earnings per share) of the company at the end of the year 2009?


A) $5
B) $4.50
C) $1.18
D) $3.50
E) $2.80

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