Question: Below is select information from DC United Company's income statement. At the end of Year 1, the weighted average number of common shares outstanding was

Below is select information from DC United Company's income statement. At the end of Year 1, the weighted average number of common shares outstanding was 132,000.
Income Statement, End of Year 1
Sales................................. $942,000
Cost of goods sold................ 800,000
Operating expenses............... 80,000
Tax expense........................ 15,000
Required:
Calculate EPS for DC United. Is this a good EPS number?

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