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A Firm Has a Profit Margin of 9% on Sales

Question 238

Multiple Choice

A firm has a profit margin of 9% on sales of $400,000. There are 10,000 shares of common stock outstanding. What is the earnings per share?

A) $1.80
B) $3.60
C) $4.00
D) $36.00
E) $40.00

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