Oxford Inc. currently has 1,200,000 common shares outstanding and $12,000,000 debt (face value is equal to market value) with a coupon rate of 8%. At the current level of operations, the firm's EBIT is $5,000,000 and their tax rate is 40%. What are Oxford's EPS?

Answer rating: 100% (QA)

To calculate Oxford Incs earnings per share EPS we need to find the earnings available to ... View the full answer