Question

IHER Question 18 Suppose Ningbo Steed had sales revenue of $11,000 sales revenu, cost of goods sald of $5,00, aperating expen of $3000, ntrest expof $1,000, a tax te of 20% and 2,000 shar of mm d d w O $1.30 O $1.00 O so0 O 9.0 O none of the above Qpen Show wark Click it won wd e te Show Work for this question

Answer 1

EPS= net Income/ Shares

= 1600/2000 = $0.80

	Amount $
Sales	11000
Less: cost of goods sold	5000
Operating expenses	3000
Interest	1000
Earning before tax	2000
Less: Tax	400
Net Income	1600