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Question 4 of 6 - / 1 View Policies Current Attempt in Progress Y2 Cash 352 379 Accounts receivable Inventory Total 731 Year 1 and

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Question 4 of 6 - / 1 View Policies Current Attempt in Progress Y2 Cash 352 379 Accounts receivable Inventory Total 731 Year 1 and Year 2 Balance Sheet ($million) Y1 Y2 Y1 97 121 Accounts payable 385 324 240 Notes payable 381 401 438 Current liabilities 766 822 799 Long-term debt 500 1,544 1.870 Owners' equity Common shares 556 Retained earnings 544 Total 1.100 2,366 2,669 Total liabilities and owners' equity 2,366 550 Net fixed assets 620 768 1,388 Total assets 2,669 The firm's dividend payout ratio is 30 percent. The firm has 100 million shares outstanding. What is the firm's year 2 earnings per share? (Round net income to O decimal places, eg. 125. Round answer to 2 decimal places, eg. 15.25.) Earnings Per Share $

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