Question regarding the earnings per share


Problem:

The Closet Shoppe has total sales of $713,200 and a profit margin of 5.8 percent. Currently, the firm has 12,500 shares outstanding.

Required:

Question: What are the earnings per share?

  • $2.98
  • $3.31
  • $3.56
  • $3.89
  • $4.02

Note: Please show guided help with steps and answer.

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Accounting Basics: Question regarding the earnings per share
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