Cain Auto Supplies and Able Auto Parts are competitors in the aftermarket for auto supplies. The separate capital structures for Cain and Able are presented below.

Cain				Able
Debt @ 10%	$	80,000		Debt @ 10%	$	160,000
Common stock, $10 par		160,000		Common stock, $10 par		80,000
Total	$	240,000		Total	$	240,000
Common shares		16,000		Common shares		8,000

(a)	Compute earnings per share if earnings before interest and taxes are $16,000, $24,000, and $53,000 (assume a 30 percent tax rate).