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

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