1 answer

8 of 8 Settings The balance sheet and income statement for SHW Corp. are provided here囲....

Question:

8 of 8 Settings The balance sheet and income statement for SHW Corp. are provided here囲. Calculate the earnings per share for the corporation assuming that the number of shares outstading is 2,118,000 The earnings per share is $ (Round to the nearest cent.) Data Table Balance Sheet Assets Current Assets Income Statement Net sales revenue Less: Cost of goods sold 14,327,000 - 10,171,000 4,156,000 Cash Marketable securities 4,850,000 10,039,000 12,708,000 11,869,000 39,466,000 Gross profits Less: Operating expenses - 759,000 - 550,000 - 114,000 - 1,423,000 2,733,000 - 1,461,000 1,272,000 - 432,480 839,520 unts receivable Selling expense General and administrative expense Depreciation expense Inventories Total current assets Gross Fixed Assets Total operating expense 4,154,000 Operating profits 13,118,000 Less: Interest expense 27,272,000 Net profits before tax -893,000 Less: Taxes (34%) 26,379,000 65,845,000 Land and buildings Machinery and equipment Total gross fixed assets Less: Accumulated depreciation Net fixed assets Net profits after tax Total assets Liabilities and Stockholders Equity Current liabilities 2,227,000 10,888,000 13,115,000 3,857,000 16,972,000 Accounts payable Notes payable Total current liabilities Long-term debt (annual) Total liabilities Stockholders equity Preferred stock Common stock Paid in capital Retained earnings 7,464,000 10,822,000 7,085,000 23,502,000 48,873,000 65,845,000 Total stockholders equity Total liabilities & stockholders equity

8 of 8 Settings The balance sheet and income statement for SHW Corp. are provided here囲. Calculate the earnings per share for the corporation assuming that the number of shares outstading is 2,118,000 The earnings per share is $ (Round to the nearest cent.) Data Table Balance Sheet Assets Current Assets Income Statement Net sales revenue Less: Cost of goods sold 14,327,000 - 10,171,000 4,156,000 Cash Marketable securities 4,850,000 10,039,000 12,708,000 11,869,000 39,466,000 Gross profits Less: Operating expenses - 759,000 - 550,000 - 114,000 - 1,423,000 2,733,000 - 1,461,000 1,272,000 - 432,480 839,520 unts receivable Selling expense General and administrative expense Depreciation expense Inventories Total current assets Gross Fixed Assets Total operating expense 4,154,000 Operating profits 13,118,000 Less: Interest expense 27,272,000 Net profits before tax -893,000 Less: Taxes (34%) 26,379,000 65,845,000 Land and buildings Machinery and equipment Total gross fixed assets Less: Accumulated depreciation Net fixed assets Net profits after tax Total assets Liabilities and Stockholders' Equity Current liabilities 2,227,000 10,888,000 13,115,000 3,857,000 16,972,000 Accounts payable Notes payable Total current liabilities Long-term debt (annual) Total liabilities Stockholders' equity Preferred stock Common stock Paid in capital Retained earnings 7,464,000 10,822,000 7,085,000 23,502,000 48,873,000 65,845,000 Total stockholders' equity Total liabilities & stockholders' equity

Answers

Earnings Per Share (EPS) = Net Income / Number of Shares Outstanding = Net Profit After Tax / Number of Shares Outstanding = 839520 / 2118000 = $ 0.396 ~ $ 0.4

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