Compute EARNINGS PER SHARE.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:The data below are for Company N.
Cash
Inventory
Unearned Revenue
Paid-in Capital
Retained Earnings (beginning)
Sales
Cost of Goods Sold
Rent Expense
Number of shares outstanding = 2,000
Compute EARNINGS PER SHARE.
$21.60
$5.80
$6.60
$3.60
$9.80
5,600
14,000
2,400
4,000
6,000
50,000
36,000
6,800
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