Amadeus, Inc. has gross profit of $93,400, operating expenses of $34,000, interest expense of $900 and 2,000 average shares of stock outstanding. What is Amadeus' Earnings per Share?
A) $29.70
B) $29.25
C) $3.37
D) $3.42
B) $29.25
Explanation: net income/average shares outstanding. Ex: ($93,400 - $34,000 - $900)/2,000 = $29.25.
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