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Variable Cos… Show more ACME, Inc. reported the following

Thesis Help Finance Variable Cos… Show more ACME, Inc. reported the following

Finance

Variable Cos… Show more ACME, Inc. reported the following

Variable Cos… Show more ACME, Inc. reported the following income statement for 2009: Sales $2,500,000 Variable Costs 900,000 Fixed Operating Costs 700,000 EBIT 900,000 Interest Expense 200,000 EBT 700,000 Taxes (30%) 210,000 Net Income $490,000 Earnings Per Share $4.90 If ACME’s sales next year increase by 20%, what will ACME’s earnings per share be? Select one: a. $5.76 b. $7.14 c. $7.58 d. $6.45 • Show less

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