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Succeed's Companies, a home improvement store chain, reported the following summarized figures:

Succeed's Companies, a home improvement store chain, reported the following summarized figures (Click the icon to view the income statement.) (Click the icon to view the balance sheets.) Succeed's has 20,000 common shares outstanding during 2018 Read the requirements. Requirement 1. Compute earnings per share (EPS) for 2018 for Begin by selecting the formula to calculate Succeed's Companies' EPS. Then enter the amounts and calculate the EPS for 2018. (Abbreviation used: Weighted avg number of CSO weighted average number of common shares outstanding, market price per share of CS-market price per share of common stock. Complete all input boxes. Enter a "O" for balance with a zero value. Round your answer to the nearest cent, SX.Xx) )I EPS Succeed's Companies Balance Sheet May 31, 2018 and 2017 Assets Liabilities 2018 2017 2018 2017 Cash Short-term Investments Accounts Receivable Merchandise Inventory Other Current Assets Total Current Assets All Other Assets Total Assets 2,300 S 24,000 7,600 7,000 6,000 21,000 $ 12,900 13,300 10,100 1,600 Total Current Liabilities 10,000 Long-term Liabilities 5,400 Total Liabilities 6,300 1,700 Common Stock 33,900 23,400 Stockholders' Equity 46,900 28,000 74,900 $ 8,000 33,000 41,000 74,900 $ 8,000 20,600 28,600 52,000 25,000 Retained Earnings 27,000 Total Equity 52,000 Total Liabilities and Equity 1. Compute earnings per share (EPS) for 2018 for Succeeds. Round to the 2. Compute Succeed's Companies' price/earnings ratio for 2018. The market 3. What do these results mean when evaluating Succeed's Companies nearest cent. price per share of Succeed's stock is $14.50 profitability

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