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    Fundamentals of Corporate Finance Study Set 22
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    Exam 3: Working With Financial Statements
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    A fiRm Has a Profit Margin of 9% on Sales
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A fiRm Has a Profit Margin of 9% on Sales

Question 97

Question 97

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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