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Problem 3-34 Earnings per Share (LO1) The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end 2018 and
Problem 3-34 Earnings per Share (LO1) The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end 2018 and 2019, while the income statement items correspond to revenues or expenses during the year ending in either 2018 or 2019. All values are in thousands of dollars. 2019 2018 $4,800 1,800 Revenue Cost of goods sold Depreciation Inventories Administrative expenses Interest expense Federal and state taxes* Accounts payable Accounts receivable Net fixed assets Long-term debt Notes payable Dividends paid Cash and marketable securities 1 530 250 129 440 119 160 560 300 420 5,800 2,800 700 370 810 $4,900 1,900 550 310 310 490 160 580 360 490 6,500 3,150 510 370 490 * Taxes are paid in their entirety in the year that the tax obligation is incurred. * Net fixed assets are fixed assets net of accumulated depreciation since the asset was installed. Suppose that Fincorp has 575,000 shares outstanding. What were earnings per share? (Round your answers to 2 decimal places.) 2018 2019 Earnings per share $ 1,660.00
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