3. The following data have been selected from the annual report of Komark Corporation:

Market price per share $60

Price-Earnings ratio 20 times

Total Assets $450,000

Current Liabilities $180,000

Shareholders Equity $200,000

Current ratio 1.5:1

Weighted average number of shares 100,000

Instructions

Calculate the following:

(a) Basic earnings per share

(b) Net income

(c) Debt to Total Assets ratio

(d) Current assets

(e) Working capital