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Balance Sheet Information ASSETS 2018 2019 Cash $ 245,000 S 210,000 Marketable Securities 75,000 160,000 Accounts Receivable 240,000 220,000 Inventories 30,000 75,000 Investments 270,000 255,000
Balance Sheet Information ASSETS 2018 2019 Cash $ 245,000 S 210,000 Marketable Securities 75,000 160,000 Accounts Receivable 240,000 220,000 Inventories 30,000 75,000 Investments 270,000 255,000 Plant and Equipment 1,300,000 1,550,000 Less Accumulated Amortization -450,000 -600,000 Net Plant and Equipment 850,000 950,000 Total Assets $ 1,710,000 $ 1,870,000 LIABILITIES AND SHAREHOLDERS' EQUITY Accounts Payable S 110,000 S 85,000 Notes Payable 165,000 10,000 Accrued Expenses 30,000 5,000 Income Taxes Payable 5,000 10,000 Bonds Payable (Due 2024) 800,000 800,000 Common Shares (100,000 shares) 300,000 300,000 Retained Earnings 300,000 Total Liabilities and Shareholders' Equity$1,710,000 $ 1,870,000 Income Statement information for 2019 Sales Amortization Expense Cost of Goods Sold Interest Expense Selling General & Administrative Expenses Income Taxes (40%) Net Income $5,900,000 250,000 4,200,000 120,000 260,000 428,000 642,000 Calculate the EPS for the company whose information is in the page header. The EPS for 2019 is: $10.70 some other number $6.42 $8.92
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