Income Statement Bullseye, Inc.'s 2008 income statement lists the following income and expenses: EBIT =...
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Income Statement Bullseye, Inc.'s 2008 income statement lists the following income and expenses: EBIT = $706,500, Interest expense = $50,000, and Taxes = $223,500. Bullseye's has no preferred stock outstanding and 240,000 shares of common stock outstanding. What are the 2008 earnings per share?
Multiple Choice
$1.80
$2.01
$2.74
$2.94
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