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78,000 42,000 Using the following balance sheet and income statement data, what is the earnings per share? Current assets $ 32,000 Net income Current liabilities

78,000 42,000 Using the following balance sheet and income statement data, what is the earnings per share? Current assets $ 32,000 Net income Current liabilities Average assets Total assets 16,000 Stockholders' equity 160,000 Total liabilities 120,000 Average common shares outstanding was 15,000. $ 42,000 $2.80 $8.00 $5.20 $0.36

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