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?

Thank you for taking the time to copy your homework to AMHD.
Please refer to this announcement: Ask Me Help Desk - Announcements in Forum : Homework Help (https://www.askmehelpdesk.com/finance-accounting/announcement-font-color-ff0000-u-b-read-first-expectations-homework-help-board-b-u-font.html)

Use your textbook and try to work your problem out yourself, then we can check your work to see if you did it correctly.