Use the following information to calculate the ratios below: Total Assets: $800,000 Total Liabilities: $350,000 Current Assets: $250,000 Current Liabilities: $150,000 Net Income: $90,000 Shares Outstanding: 20,000 Accounts Receivable: $100,000 Sales: $600,000 Calculate Earnings Per Share (EPS)

Use the following information to calculate the ratios below: Total Assets: $800,000 Total Liabilities: $350,000 Current Assets: $250,000 Current Liabilities: $150,000 Net Income: $90,000 Shares Outstanding: 20,000 Accounts Receivable: $100,000 Sales: $600,000 Calculate Earnings Per Share (EPS)

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 54E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...

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Question

Please provide the correct answer to this general accounting problem using accurate calculations.

Use the following information to calculate the ratios below:
Total Assets: $800,000 Total Liabilities: $350,000 Current Assets:
$250,000 Current Liabilities: $150,000 Net Income: $90,000 Shares
Outstanding: 20,000 Accounts Receivable: $100,000 Sales: $600,000
Calculate Earnings Per Share (EPS)

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