volora
Feb 16, 2009, 08:32 AM
I'm working on financing and I am completely stuck. I'm trying to find the earnings per share. Here's the problem:
The balance sheet for the Corlione Company for 2005 is shown below. Sales in 2005 were $782,211 and the firm's net profit margin was (and is projected to continue to be in the future) 5 percent.
The Corlione Company
Balance Sheet - Dec. 31, 2005
Cash..........................20,000
Accounts receivable.....40,000
Inventory....................60,000
Net Plant & Equipment...200,000
Total Assets.................320,000
Notes payable..........................10,000
Accounts payable.......................40,000
Accruals....................................10,000
Long-term debt..........................90,000
Common stock ($4 par value)......90,000
Retained earnings......................80,000
Total liabilities & Equity..............320,000
What were earnings per share for Corlione in 2005?
The balance sheet for the Corlione Company for 2005 is shown below. Sales in 2005 were $782,211 and the firm's net profit margin was (and is projected to continue to be in the future) 5 percent.
The Corlione Company
Balance Sheet - Dec. 31, 2005
Cash..........................20,000
Accounts receivable.....40,000
Inventory....................60,000
Net Plant & Equipment...200,000
Total Assets.................320,000
Notes payable..........................10,000
Accounts payable.......................40,000
Accruals....................................10,000
Long-term debt..........................90,000
Common stock ($4 par value)......90,000
Retained earnings......................80,000
Total liabilities & Equity..............320,000
What were earnings per share for Corlione in 2005?