Answered: $ $ Current assets Net income 38500… | bartleby

FINANCIAL ACCOUNTING

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Using the following balance sheet and income statement data, what is the earnings per share?
$
Current assets
Net income
38500
42000
Stockholders'
Current liabilities
15400
78600
equity
Average assets
161300
Total liabilities
43200
Total assets
126000
Average common shares outstanding was 15700.
$ 5.01
$ 8.03
$ 2.68
$0.37

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