Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

A company has the following information in 2018 and 2019: 2019 Net Sales CGS Net Income 2018 8,000,000 2,000,000 9,000,000 2,500,000 $300,000 $320,000 2018

image text in transcribedimage text in transcribed

A company has the following information in 2018 and 2019: 2019 Net Sales CGS Net Income 2018 8,000,000 2,000,000 9,000,000 2,500,000 $300,000 $320,000 2018 2019 Cash 200,000 180,000 A/R Inventory 120,000 600,000 1,000,000 800,000 Total Assets $6,000,000 $5,000,000 Note: The market price of each share is $12 and the company has 20,000 shares in public market in 2019. on average 75% of sales was on credit in 2019. a. How much was Earning per share in 2019? Oa. $1.60 Ob.$16 Oc.$160 Od.$0.16

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Accounting for Decision Making and Control

Authors: Jerold Zimmerman

8th edition

78025745, 978-0078025747

Students also viewed these Accounting questions