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Consider the balance-sheet entries for War Eagle Corporation in Table (a) Compute the firm's Current assets: Current liabilities: Working capital: Shareholders' equity: (b) If the
Consider the balance-sheet entries for War Eagle Corporation in Table (a) Compute the firm's Current assets: Current liabilities: Working capital: Shareholders' equity: (b) If the firm had a net income of $500,000 after taxes, what are the earnings per share? (c) When the firm issued its common stock, what was the market price of the stock per share? Table Balance Sheet Statements as of December 31, 2015 Assets 150,000 Cash 200,000 Marketable securities 150,000 Accounts receivable 50,000 Inventories 30,000 Prepaid taxes and insurance 600,000 Manufacturing plant at cost 100,000 Less accumulated depreciation 500,000 Net fixed assets
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