Succeed's Companies, a home improvement store chain, reported the following summarized figures: (Click the icon to view the income statement.) (Click the icon to view the balance sheets.) Succeed's has 20,000 common shares outstanding during 2024. Read the requirements Requirement 1. Compute eamings per share (EPS) for 2024 for Succeed's. Round to the nearest cent Begin by selecting the formula to calculate Succeed's Companies' EPS. Then enter the amounts and calculate the EPS for 2024. (Abbreviation used: Weighted avg number of CSO weighted average number of common shares outstanding, market price per share of CS market price per share of common stock. Complete all input boxes. Enter a "0" for balance with a zero value. Round your answer to the nearest cent, $XXX) EPS Income Statement Succeed's Companies Income Statement Years Ended May 31, 2024 and 2023 Net Sales Revenue Cost of Goods Sold Interest Expense All Other Expenses Net Income 2024 2023 $ 49,200 $ 43,800 27,700 29,300 700 460 6,200 6,500 14,600 $ 7,540 Print Done - X Balance Sheets Succeed's Companies Balance Sheet May 31, 2024 and 2023 Assets Liabilities 2024 2023 2024 2023 Cash $ 2,000 $ Short-term investments 27,000 1,200 Total Current Liabilities 12,000 Long-term Liabilities $ 23,000 $ 13,300) 12,900 12,800 Accounts Receivable 7,400 5,400 Total Liabilities 35,900 26,100 Merchandise Inventory 7,000 9,700 Stockholders' Equity Other Current Assets 6,000 2,400 Common Stock 10,000 10,000 Total Current Assets 49,400 All Other Assets 35,000 30,700 Retained Earnings 28,000 Total Equity 38,500 22,600 48,500 32,600 84,400 $ 58,700 $ 84,400 $ 58,700 Total Assets Total Liabilities and Equity Print Done Requirements 1. Compute earnings per share (EPS) for 2024 for Succeed's. Round to the nearest cent. 2. Compute Succeed's Companies' price/earnings ratio for 2024. The market price per share of Succeed's stock is $17.50. 3. What do these results mean when evaluating Succeed's Companies' profitability? Print Done - X