Solved

The Closet Shoppe Has Total Sales of $713,200 and a Profit

Question 75

Multiple Choice

The Closet Shoppe has total sales of $713,200 and a profit margin of 5.8 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) $3.89
E) $4.02

Correct Answer:

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