Homework: Assignment 4 - Chap 14 - ratio analysis Score: 0 of 1 pt 8 of 13 (6 complete) S14-10 (book/static) Cartwright's, a home improvement store chain, reported these summarized figures: (Click the icon to view the income statement) Click the icon to view the balance sheet) a. Compute earnings per share (EPS) for Cartwright's. The number of shares outstanding was 720,000 b. Compute Cartwright's pricelearnings ratio. The price of a share of Cartwright's is $62.50. a. First identify the formula, then calculate the earnings per share (EPS) for Cartwright's. (If an item has a zero balance, enter a $0 in the input box. Round your answer to two decimal places.) EPS Choose from any drop-down list and then click Check Answer parts remaining Clear All MacBook S: view the balance sheet) IS Income Statement X tw wer to two de Cartwright's Income Statement For The Year Ended December 31, 2017 2017 Sales revenues 34,988,900 21,766,030 $ Less: Cost of goods sold Gross profit Less: Operating expenses Operating income Less: Interest expense Income before income taxes 13,222,870 5,088,250 $ 8.134.620 217,800 $ Less: Income tax expense 7,916,820 1,925,750 5,991,070 Net income $ Print Done Clear All 000 000 Balance Sheet Cartwright's Balance Sheets det December 31, 2017 and 2016 2017 2016 Assets Current assets: $ 810,000 260,000 Cash Short-term investments Accounts receivable Inventory Other current assets Total current assets Other noncurrent assets 1,200,000 $ 203,200 100,800 4,676,000 508,000 378,500 4,190,000 409,500 $ 6,688,000 $ 11,437,000 6,048,000 11,620,000 17,668,000 Total assets $ 18,125,000 $ Liabilities Current liabilities: Accounts payable $ 3,400,000 $ 2.750.000 Print Done 000 8 of 13 (6 complete) Balance Sheet TOUR GOTTEIT GOOD 0,000,000 UUTU, Vuo 11,620,000 Other noncurrent assets 11,437,000 $ 18,125,000 $ 17,668,000 Total assets de $ Liabilities Current liabilities: Accounts payable Notes payable Accrued liabilities Total current liabilities Long-term liabilities Total liabilities 3,400,000 $ 890,000 110,000 2,750,000 655,000 195,000 $ 4,400,000 $ 4,300,000 3,600,000 4,216,000 $ 8,700,000 $ 7,816,000 $ Stockholders' equity Common stock, no par Retained earnings Total stockholders' equity 2.502.000 $ 6,923,000 2.000.000 7.852.000 $ 9,425,000 $ 9.852.000 Total liabilities and equity $ 18,125,000 $ 17.668.000 wer Print Done