Shown below is a partial income statement from Bill's Boat Shop, Inc.:
The weighted-average number of shares of common stock outstanding during 2012 was 30,000 shares.
Using the information above calculate the earnings per share and the times-interest-earned ratio.
Definitions:
Bureaucratic Culture
Describes a formalized organizational culture that is characterized by strict procedures, hierarchical communication lines, and a clear chain of command.
Clan Culture
An organizational culture typified by a family-like environment, where loyalty, tradition, and personal commitment are highly valued.
Entrepreneurial Culture
An organizational environment that encourages and supports innovation, risk-taking, and the pursuit of new business opportunities.
Market Culture
A type of organizational culture that prioritizes competitiveness, achievement of measurable goals, and success in the marketplace.
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