... S18-13 Use the financial statements of Bastion Computer Corp., plus the following item (in millions): Number of common shares outstanding .. . 0.8 1. Compute earnings per share (EPS). Round the result to the nearest cent. 2. Compute the price-earnings ratio. The price of a Bastion Computer Corp. - common share is $131.00. BASTION COMPUTER CORP. Income Statement For the Year Ended December 31, 2020 Net sales $61.6 Cost of goods sold 42.4 Interest expense 0.6 All other expenses 15.0 Net income $ 3.6 2020 2019 $ 8.8 $ 7.2 8.6 17.4 BASTION COMPUTER CORP. Balance Sheet December 31, 2020 and 2019 2020 2019 Liabilities and Equity $ 2.8 $ 1.6 Total current liabilities 0.4 0.5 Long-term liabilities 0.5 0.4 Total liabilities 9.2 8.0 0.8 0.6 Common shares 13.7 11.1 Retained earnings 24.6 21.0 Total equity $38.3 $32.1 Total liabilities and equity Assets Cash Short-term investments Accounts receivable Inventory Other current assets Total current assets All other assets Total assets 8.3 15.5 5.2 4.8 15.7 11.8 20.9 16.6 $38.3 $32.1