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QUESTION
Chapman's Home Inspection, Inc.'s 2014 income statement lists the following income and expenses: EBIT = $750,000, Interest expense = $115,000, and...
Chapman's Home Inspection, Inc.'s 2014 income statement lists the following income and expenses: EBIT = $750,000, Interest expense = $115,000, and Taxes = $190,000. Chapman's has no preferred stock outstanding and 200,000 shares of common stock outstanding. Calculate the 2014 earnings per share.
