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1. Earnings per share (EPS) indicate the portion of the company's profit that has been allocated to each share of common stock. EPS is a profitability ratio.
Respond to the following:
Keep in mind: The ways in which EPS may be used as a decision making tool are accurately identified and explained.
APA citations required
2. A contingent liability is a potential liability whose realization depends upon the future outcome of an event.
Consider the features of contingent liabilities and respond to the following:
Keep in mind: The impact of contingent liabilities on financial decisions is accurately identified and explained with pertinent examples.
APA format citations required
Which of the following is not a true statement about a multiple-step income statement?
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What is the amount of its net credit sales for the period? What is the average collection period in days?
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