S12-9 (book/static) Question Help The 2018 financial statements for Inland Supply, Inc., show total assets of $572,000, total liabilities of $322,500, net sales of $1,276,000, net income of $191,400, income from operations of $227,600, cost of goods sold of $743,600, dividends of $24,600, and interest expense of $18,700. Total assets and total liabilities for 2017 were $513,000 and $314,500, respectively. The market price per share was $34 at the end of 2018, and there were 50,000 and 60,000 shares of common stock outstanding in 2017 and 2018, respectively. Read the requirements 1. Compute the earnings per share for 2018. Select the formula needed to determine this amount and then enter the amounts to calculate the earnings per share. (Round your answer to the nearest cent, X.XX.) Earnings per share Requirements Compute the following ratios for 2018. Round answers to two decimal places. 1. Earnings per share 2. Price-earnings ratio (Abbreviations used: Avg.-Average, EBIT Eamings before interest and taxes, O/S-Outstanding.) Choose from any list or enter any number in the input fields and then click Check Answer. Print Done