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The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end 2015 and 2016, while the income statement items
The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end 2015 and 2016, while the income statement items correspond to revenues or expenses during the year ending in either 2015 or 2016. All values are in thousands of dollars.HIGHLIGHT ANSWERS/DOUBLE CHECK WORK!!
The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end 2015 and 2016, while the income statement items correspond to revenues or expenses during the year ending in either 2015 or 2016. All values are in thousands of dollars 2016 $4,100 $4,200 1,800 490 335 570 240 360 355 395 5,540 2,860 540 380 480 2015 Revenue Cost of goods sold Depreciation Inventories Administrative expenses Interest expense Federal and state taxes* Accounts payable Accounts receivable Net fixed assets Long-term debt Notes payable Dividends paid Cash and marketable securities 1,700 470 270 520 240 340 320 350 4,800 2,400 687 380 760 Taxes are paid in their entirety in the year that the tax obligation is incurred Net fixed assets are fixed assets net of accumulated depreciation since the asset was installed Suppose that Fincorp has 509,000 shares outstanding. What were earnings per share? (Round your answers to 2 decimal places.) 2015 2016 Earnings per shareStep by Step Solution
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