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Easycare Linens co made a profit before interest and taxation for the year of $950,000. Net interest payable was $50,000. Tax was $100,000. In addition to a nominal issued share capital of $3m there are one million 10% preferred shares in issue, each with a nominal value of $1. What is the profit figure to be used in the EPS calculation? A. $700,000 B. $900,000 C. $800,000 D. $950,000 |