Yang Centers Has a Book Value of $8

question 151

Multiple Choice

Yang Centers has a book value of $8.75, a 10% cost of debt, operating income of $500,000, and a 30% tax rate. If Yang Centers finances 75% of its $4 million of total capital needs with debt, what is its earnings per share?

• A)$0.88
• B)$1.22
• C)$1.75
• D)$2.21

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Definitions:

Behaviour

The actions or reactions of a person or animal in response to external or internal stimuli.

Events

Occurrences or happenings that are significant in a certain context, which can range from private functions to large public gatherings.

Situational Attribution

The process of attributing a person's behavior to external circumstances or environmental factors.

Immorality

Refers to acts or behaviors that are considered unethical or in violation of moral or social norms.