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Requirement 1h and 1i
Quiz: CHAPT 15 (Quiz) 1 pt 6 of 6 (6 This C financial statement data of Panfield, Inc. follow EEE (Cick the icon to view the income statement) ■(Cick te ion to view the balance sheet.) Read the requirements $48.96 2. shares outstanding 15.000 on December 31, 2018 and 14,000 on December 31, 2017 and 2016 Comparative Income Statement et XX%) Print Done Net Sales Reveue 238.000 215,000 Requirement 1h. Compute the eamings per share of common stock for 2018 and 2017 Gross Profit 22.000 211,000 136,000 138.000 Income From Operations 84.000 75.000 13000 16,000 interest Expense income Before Income Tax ncome Tax Expense Net Income 71,000 59.000 21.000 27.000 s 50,000 S 32.000 2017. 1i. Compute the PrintDone ue to the next question
hod uiz: CHAPT 15 (Quiz) This Quiz: 6 pts data of Panfeld, Iinc folow El (Cliak the lcon to view the income statement EE (Click the icon to view the balance sheet) Now, compute the earnings per share for 2018 and 2017. (Round your answers to the nearest cent, Sxxx) 2018 2017. Current Assets Accounts Receivabies, Net Merchandise Inventory 94.000 S 93,000 114000 120.000 $ 102.000 148.000 162000 209,000 t1i. Compute the Property Plant, and Equipment, Net Total Assets 214,000 182 000 S 584,000 S 564 000 5601,000 Liablities 2018 s 225,000 s 245.000 117.000 000 Total Cument Liabiites Liabltbies Total Liabities 42000 339.000 Print Done
uiz) Submit Quiz 6 of 6 (6 94.000 s 93,000 14000120,000 $ 102,000 148,000 162,000 209,000 Accounts Receivables, Net 7,000 Prepaid Expenses Total Current Assets 214000182.000 Property. Plant and Equpment, Net Total Assets 225,000 245,000 94,000 Total Liablties Preferred Stock, 6% 94 00094,000 131.000 92.000 Common Stockholders Equy,no par38.003100 Selected 2016 amounts
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Requirement 1h Weighted average shares outstanding Shares Outstanding Period Covered 14000 15000 Weighted Shares First Half f the year second Half f the year Weighted average 0.5 0.5 7000 7500 14500 Net Income Preferred Dividend 94,000 x 6% Net Income available to Equity Stockholder Weighted average shares outstanding (B) EPS 2018 50,000 5,640) 44,360 14,500 2017 32,000 5,640 26,360 14,000 1.88 3.06 $ Requirement 1i Market Price EPS Price Earning Ratio 2018 48.96 $ 3.06 $ 2017 28.20 1.88 15.00 16.00

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