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Orbit Ltd Has 30,000 Shares Outstanded and Earned $30,000 on Capital

Question 33

Multiple Choice

Orbit Ltd. has 30,000 shares outstanded and earned $30,000 on capital invested of $90,000 last year. What is the new EPS after the investment succeeds?


A) 0.80
B) 1.00
C) 1.10
D) 1.47
E) 4.40

Correct Answer:

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