1.) The Common Stock account for Baltimore Corporation on January 1, 2018 was $75,000.On July 1, 2018 Baltimore issued an additional 9,500 shares of common stock. The Common Stock is $5 par. There was neither Preferred Stock nor any Treasury Stock. Paid in Capital Excess to par Common Stock was $20,000 on January 1 and $40,000 on July 2 and net income was $149,500.Use this information to determine for December 31, 2018 the amount ofEarnings per Share (rounded to the nearest cent).

2.) For the FY 2018, Dorchester Company's balance sheet included the following current items: cash $35,000, accounts receivable $115,000, inventories $76,000, prepaid expenses $15,000, accounts payable $87,000, and accrued expenses $68,000.Use this information to determine the Current Ratio. (Round & enter your answers to one decimal place.)