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 15,000 common shares outstanding during 2018. Read the requirements. Requirement 1. Compute earnings per share (EPS) for 2018 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 2018. (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, $X.XX.) EPS ( Requirement 2. Compute Achieve's Companies' pricelearnings ratio for 2018. The market price per share of Achieve's stock is $11.50. Begin by selecting the formula to calculate Achieve's Companies' pricelearnings ratio. Then enter the amounts and calculate the EPS for 2018. (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. Round your answer to two decimal places, X.XX.) Price/earnings ratio Requirement 3. What do these results mean when evaluating Achieve's Companies' profitability? (Assume the following industry averages: EPS = $0.25, price/earnings ratio = 9.3.) Achieve's Companies' pricelearnings ratio for 2018 means that the company's stock is selling at This is Balance Sheets X Requirements Income Statement Achieve's Companies Balance Sheet Achieve's Companies Income Statement May 31, 2018 and 2017 Compute earnings per share (EPS) for 2018 for Achieve's. Round to the nearest cent. Compute Achieve's Companies' pricelearnings ratio for 2018. The market price per share of Achieve's stock is $11.50. What do these results mean when evaluating Achieve's Companies' profitability? Assets Years Ended May 31, 2018 and 2017 2018 Liabilities 2018 2018 2017 2017 2017 Cash $ Net Sales Revenue 2,200 $ 42.400 $ $ 39,800 13,100 9,900 Cost of Goods Sold Print Short-term Investments 22,500 Done 27,000 29,300 200 Interest Expense 7,200 Accounts Receivable 23,000 140 7,800 6,200 Merchandise Inventory All Other Expenses 7,200 7,000 1.900 Total Current Liabilities $ 25,000 $ 12,600 12,000 Long-term Liabilities 5,400 Total Liabilities 37,600 7,500 Stockholders' Equity 1,700 Common Stock 9,000 28,500 Retained Earnings 32,000 25,000 Total Equity 41,000 53,500 78,600 $ Total Liabilities and Equity $ 13,500 $ 2,560 Other Current Assets Net Income 9,000 21,500 Total Current Assets Choose from any list or enter any number in the input fields and ther 50,600 28,000 Print 30,500 All Other Assets Done $ 78,600 $ 53,500 Total Assets
