Achieve's Companies, a home improvement store chain, reported the following summarized figures: (Click the icon to view the income statement) (Click the icon to view the balance sheets.) Achieve's has 20,000 common shares outstanding during 2024, Read the requirements Requirement 1. Compute eamings per share (EPS) for 2024 for Achieve's. Round to the nearest cent. Begin by selecting the formula to calculate Achieve's Companies' EPS. Then enter the amounts and calculate the EPS for 2024 (Abbreviation used: Weighted avg number of CSO-weighted average number of common shares outstanding, market price per share of CS market price per share of common stock. Complete all input boxes. Enter a "0" for balance with a zero value. Round your answer to the nearest cent, $XXX.) EPS Income Statement Achieve's Companies Income Statement Years Ended May 31, 2024 and 2023 Net Sales Revenue Cost of Goods Sold Interest Expense All Other Expenses Net Income - 2024 2023 $ 55,400 $ 43,800 20,800 23,700 700 630 6,900 7,800 27,000 $ 11,670 X 02 0 Requirements 1. Compute earnings per share (EPS) for 2024 for Achieve's. Round to the nearest cent. 2. Compute Achieve's Companies' price/earnings ratio for 2024. The market price per share of Achieve's stock is $14.00. 3. What do these results mean when evaluating Achieve's Companies' profitability? Print Done Balance Sheets Achieve's Companies Balance Sheet May 31, 2024 and 2023 Assets Liabilities 2024 2023 2024 2023 Cash 2,100 $ 1,200 Total Current Liabilities 22,000 $ 13,000 Short-term Investments 27,000 11,000 Long-term Liabilities 13,700 12,200 Accounts Receivable 7,200 5,600 Total Liabilities 35,700 25,200 Merchandise Inventory 7,300 6,800 Stockholders' Equity Other Current Assets 7,000 2,400 Common Stock 9,000 9,000 Total Current Assets 50,600 27,000 Retained Earnings 39,900 21,800 All Other Assets 34,000 29,000 Total Equity 48,900 30,800 84,600 $ 56,000 $ Total Assets Total Liabilities and Equity 84,600 $ 56,000