Use the financial statements of CoCo Roofers Inc., plus the following item (in millions): Number of common

Question:

Use the financial statements of CoCo Roofers Inc., plus the following item (in millions):

Number of common shares outstanding ..................... 0.8

1. Compute earnings per share (EPS) for CoCo Roofers Inc. Round to the nearest cent.

2. Compute CoCo Roofers Inc.'s price/earnings ratio. The price of a CoCo Roofers Inc. common share is $131.00.

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...