Red Bird Inc. has 1,000,000 shares common stock outstanding for the entire year. At December 31, the company has assets of $8,000,000 and liabilities of $2,000,000. The income for the current year is $800,000. The company has no preferred stock. At December 31, the stock is selling for $12 per share on the open market. What is the basic earnings per share? What is the price - earnings ratio? What is the book value per common share