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The Rainbow Company Has Total Sales of $713,200 and a Profit

Question 24

Multiple Choice

The Rainbow Company has total sales of $713,200 and a profit margin of 8.5 percent.Currently,the firm has 12,500 shares outstanding.What are the earnings per share?


A) $2.98
B) $3.31
C) $3.56
D) $4.58
E) $4.85

Correct Answer:

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