Hardister Corp. has the following information available from its financial statements for 2012:

Balance sheet information:				Income statement information:
Assets
	Current assets	$ 400,000		Sales (all on account)	$3,000,000
	Long-term assets	600,000		Cost of goods sold	1,500,000
	Total assets	$1,000,000		Salary expense	200,000
				Miscellaneous expenses	400,000
Liabilities				Interest expense	100,000
	Current liabilities	$ 200,000		Income before taxes	$ 800,000
	Long-term liabilities	100,000		Income tax expense	300,000
	Total liabilities	$ 300,000		Net income	$ 500,000
Stockholders' Equity
	Capital stock	$ 300,000
	Retained earnings	400,000
	Total Stockholders' Equity	$ 700,000

Refer to the Hardister Corp. information above. Assuming Hardister has no preferred stock and the average number of common shares outstanding was 10,000, what would be earnings per share for 2012?

Answer rating: 100% (QA)

To calculate the earnings per share EPS for Hardister Corp in 2012 you need ... View the full answer