Problem:
The Closet Shoppe has total sales of $713,200 and a profit margin of 5.8 percent. Currently, the firm has 12,500 shares outstanding.
Required:
Question: What are the earnings per share?
- $2.98
- $3.31
- $3.56
- $3.89
- $4.02
Note: Please show guided help with steps and answer.