Peak Performance Sporting Goods Company Continues to Perform Well in Spite

Multiple Choice

Peak Performance Sporting Goods Company continues to perform well in spite of an economic recession. Company executives credit this to the strong partnerships it enjoys with category killer and large discount chains. Last week Peak Performance reported basic EPS [earnings per share] = $.80/share. If the firm has 4,000,000 shares outstanding, net income after taxes for the same period = ______.

A) $80,000
B) $5,000,000
C) $3,200,000
D) $32,000