$ $ 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. O $5.01 O $8.03 O $2.68 O $0.37
$ $ 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. O $5.01 O $8.03 O $2.68 O $0.37
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
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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](/v2/_next/image?url=https%3A%2F%2Fcontent.bartleby.com%2Fqna-images%2Fquestion%2F9b597959-7ecb-4d21-b3da-12d4180c393d%2F4f499039-6561-44ae-8a1e-019a44cec68f%2Fgpwjh97_processed.png&w=3840&q=75)
Transcribed Image Text: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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