i Data Table Succeed's Companies Income Statement Years Ended May 31, 2016 and 2015 2016 2015 Net Sales Cost of Goods Sold Interest Expense All Other Expenses Net Income $ 41,000,000 $ 39,800,000 22,500,000 30,600,000 300,000 280,000 4,300,000 7,800,000 $ 13,900,000 $ 1,120,000 Print Done Data Table Succeed's Companies Balance Sheet May 31, 2016 and 2015 Assets 2016 Liabilities 2016 2015 2015 Cash 13,100,000 9,900,000 2,000,000 $ 25,000,000 7,500,000 6,800,000 7,000,000 Short-term Investments Accounts Receivable Merchandise Inventory Other Current Assets Total Current Assets All Other Assets 23,000,000 1,600,000 Total Current Liabilities $ 29,000,000 $ 14,000,000 Long-term Liabilities 13,500,000 5,300,000 Total Liabilities 42,500,000 6,800,000 Stockholders' Equity 2,400,000 Common Stock 9,000,000 30,100,000 Retained Earnings 31,800,000 23,000,000 Total Equity 40,800,000 53,100,000 83,300,000 $ Total Liabilities and Equity 9,000,000 21,100,000 48,300,000 35,000,000 30,100,000 $ 83,300,000 $ Total Assets 53,100,000 Print Done Succeed's has 1,000,000 common shares outstanding during 2016. Requirements 1. Compute earnings per share (EPS) for 2016 for Succeed's. Round to the nearest cent. 2. Compute Succeed's Companies' pricelearnings ratio for 2016. The market price per share of Succeed's stock is $62.50. 3. What do these results mean when evaluating Succeed's Companies' profitability? Requirement 1. Compute earnings per share (EPS) for 2016 for Succeed's. Round to the nearest cent. Begin by selecting the formula to calculate Succeed's Companies' EPS. Then enter the amounts and calculate the EPS for 2016. (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.) EPS Requirement 2. Compute Succeed's Companies' price/earnings ratio for 2016. The market price per share of Succeed's stock is $62.50. Begin by selecting the formula to calculate Succeed's Companies' price/earnings ratio. Then enter the amounts and calculate the EPS for 2016. (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. Round your answer to two decimal places, X.XX.) Price/earnings ratio Requirement 3. What do these results mean when evaluating Succeed's Companies' profitability? (Assume the following industry averages: EPS = $2.81, pricelearnings ratio = 22.3.) This is The amount of earnings per Succeed's Companies' price/earnings ratio for 2016 means that the company's stock is selling at share would possibly