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"For this question, use the information for Sports...

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"For this question, use the information for Sports Baseballs, Inc. Sports Baseballs, Inc. is a corporation that manufacturers and sells baseballs across several states in the Southeast. It had sales of $2.7 million during the last year. Expenses were as follows: Cost of goods sold...............$1.2 million Administrative expenses..........$250,000 Marketing and selling expenses...$175,000 Depreciation.....................$500,000 Interest expense.................$200,000 Dividends paid...................$150,000 Suppose that Sports Baseball has 30,000 shares of stock. Assume a tax rate of 30%. What is the EPS figure? A)8.50 B)8.75 C)9.0 D)9.15

 

Paper#4276 | Written in 18-Jul-2015

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