Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Aim's Companies, a home improvement store chain, reported the following summarized figures: (Click the icon to view the income statement.) 3 (Click the icon to

image text in transcribedimage text in transcribedimage text in transcribed

Aim's Companies, a home improvement store chain, reported the following summarized figures: (Click the icon to view the income statement.) 3 (Click the icon to view the balance sheets.) Aim's has 20,000 common shares outstanding during 2018. Read the requirements. Requirement 1. Compute earnings per share (EPS) for 2018 for Aim's. Round to the nearest cent. Begin by selecting the formula to calculate Aim'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.) Net income Preferred dividends Weighted avg number of CSO EPS 11200 - DO ] - D 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.) has 20,000 common shares outstanding during 2018. * Income Statement the requirements. irement 1. Compute earnings per share (EPS) for 2018 for Aim's. Round by selecting the formula to calculate Aim's Companies' EPS. Then entert per share of CS = market price per share of common stock. Complete all i r of CSO = weighte st cent, $X.XX.) Aim's Companies Income Statement Years Ended May 31, 2018 and 2017 2018 Net income Preferred dividends 2017 11200 Net Sales Revenue Cost of Goods Sold Interest Expense 46,500 $ 27,700 700 6,900 41,100 28,600 280 7,800 All Other Expenses 11,200 $ 4,420 Net Income Aim's Companies Balance Sheet May 31, 2018 and 2017 Liabilities Assets 2018 2017 2018 2017 Cash 1,900 Total Current Liabilities 2,100 $ 26,000 7,400 26,000 $ 12,700 12,800 10,700 Short-term Investments Long-term Liabilities Total Liabilities 38,700 23,500 Accounts Receivable Merchandise Inventory 13,000 5,600 8,200 1,800 7,000 Stockholders' Equity Other Current Assets 6,000 Common Stock Retained Earnings 12,000 30,800 12,000 22,000 Total Current Assets 48,500 33,000 30,500 27,000 All Other Assets Total Equity 42,800 34,000 $ 81,500 $ 57,500 81,500 $ 57,500 Total Assets Total Liabilities and Equity Print Print Done Done

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored 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

Management And Cost Accounting

Authors: Charles T. Horngren, Alnoor Bhimani, Srikant M. Datar, George Foster

1st Edition

0130805475, 978-0130805478

More Books

Students also viewed these Accounting questions