2-4. ABC Corp. provides you with the following data: Sales: $500,000; Operating profit: $300,000; Interest expense: $25,000; Net Income: $100,000; Common stock (par): $10,000; Paid-in capital in exces of par: $210,000; total number of common shares outstanding: 10,000.

a. Given the above (and asuming no flotation costs) what was the price of a share of common stock when it was sold? (8 points)

b. Assuming no preferred stock, what was the EPS? (2 points)