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Tip Top Computer Corp., a technology support company providing security for small businesses, reported these summarized figures in millions): (Click the icon to view the
Tip Top Computer Corp., a technology support company providing security for small businesses, reported these summarized figures in millions): (Click the icon to view the income statement.) A (Click the icon to view the balance sheet.) Use the financial statements of Tip Top Computer Corp., plus the following item (in millions): Number of common shares outstanding .0.5 1. Compute earnings per share (EPS) for Tip Top Computer Corp. Round to the nearest cent. 2. Compute Tip Top Computer Corp.'s pricelearnings ratio. The price of a Tip Top Computer Corp. common share is $133.00 1. Earnings per share (EPS) is $ (Round the dollar amount to the nearest cent.) 2. The pricelearnings ratio is times. (Round the ratio to two decimal places, X.XX.) Income Statement 65.0 Tip Top Computer Corp. Income Statement For the Year Ended December 31, 2020 Net sales $ Cost of goods sold Interest expense All other expenses Net income 44.0 0.5 15.2 $ 5 5.3 Print Done i Balance Sheet Assets 2020 2019 Cash $ 9.0 $ 8.8 7.8 8.3 Tip Top Conputer Corp. Balance Sheet December 31, 2020 2020 2019 Liabilities and Equity $ 40 $ 24 Total current liabilities 0.6 2.1 Long-term liabilities 1.9 0.5 Total liabilities 10.4 8.4 1.6 1.2 Common shares 18.5 14.6 Retained earnings 24.6 22.6 Total equity $ 43.1 $ 37.2 Total liabilities and equity 17.8 Short-term investments Accounts receivable Inventory Other current assets Total current assets 16.1 6.8 18.5 6.4 14.7 25.3 21.1 All other assets Total assets 37.2 $ 43.1$ Print Done
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