Naraling Pie Shop has $270,000 of debt at a 7.4% interest rate and 55,000 ordinary shares in its capital structure. Naraling's ordinary shares have a market value of $510,000 and expected EBIT of $750,000. If Kalibala's tax rate is 30%, calculate Kalibala's Earnings Per Share.

Answer rating: 100% (QA)

To calculate Kalibalas Earnings Per Share EPS we need to determine the net income and divide it ... View the full answer