If net income rise, but the number of shares outstanding remains the same, eps will rise. The given statement is true.
The amount earned by an individual or business after costs, allowances, and taxes is referred to as net income. Net income in company is the amount that remains after all costs, such as salaries and wages, the cost of goods or raw materials, and taxes, have been paid.
Net income, as used in business and accounting, is an entity's revenue less costs associated with producing it, depreciation and amortization, interest, and taxes for a certain accounting period.
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