Use the following balance sheet and income statement information to calculate the Earnings per share. Current assets$8,000Net income$9,000 Current liabilities4,000Stockholders equity27,000 Average assets40,000Total

Use the following balance sheet and income statement information to calculate the Earnings per share.

 

 

Current assets         $ 8,000     Net income             $ 9,000

Current liabilities          4,000     Stockholders equity  27,000

Average assets         40,000      Total liabilities             5,000

Total assets               30,000 

Average common shares outstanding was 10,000