Help pleaseeee! Also the second question asks, "What is the price earnings ratio?" ...
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Help pleaseeee! Also the second question asks, "What is the price earnings ratio?"
Markus Company's common stock sold for $4.50 per share at the end of this year. The company paid a common stock dividend of $0.63 per share this year. It also provided the following data excerpts from this year's financial statements: Ending Beginning Balance Balance Cash $ 40,000 $ 40,200 Accounts receivable $ 84,000 $ 63,700 Inventory $ 70,600 $ 84,000 Current assets $ 194,600 $ 187,900 Total assets $ 699,000 $ 755,600 Current liabilities $ 78,000 $ 76,500 Total liabilities $ 184,000 $ 165,600 Common stock, $1 par value $ 152,000 $ 152,000 Total stockholders' equity $ 515,000 $ 590,000 Total liabilities and stockholders' equity $ 699,000 $ 755,600 Sales (all on account) Cost of goods sold Gross margin Net operating income Interest expense Net income This Year $ 980,000 $568,400 $ 411,600 $ 263,250 $ 13,500 $ 174,825 Required: 1. What is the earnings per share? (Round your answer to 2 decimal places.)
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