Epic, Inc'S 2018 Income Statement Lists the Following Income and Expenses

question 2

Multiple Choice

Epic, Inc.'s 2018 income statement lists the following income and expenses: EBIT = $1,000,000, interest expense = $75,000, and taxes = $277,500. Epic has no preferred stock outstanding and 100,000 shares of common stock outstanding. What are its 2018 earnings per share?

• A) $10.00
• B) $9.25
• C) $7.225
• D) $6.475

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Definitions:

Cell

The basic structural, functional, and biological unit of all living organisms, acting as the building block of life.

Extinction Rates

The rate at which species disappear from Earth, often accelerated by human activities, leading to biodiversity loss.

Mass Extinction

Significant and widespread loss of species across multiple ecosystems within a short geological period, often due to catastrophic events or human activities.

Range of Tolerance

The range of environmental conditions that are tolerable for survival in a species.