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    volora's Avatar
    volora Posts: 22, Reputation: 1
    New Member
    		  
    #1

    Feb 16, 2009, 09:32 AM
    Earnings Per Share
    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?
    Curlyben's Avatar
    Curlyben Posts: 18,514, Reputation: 1860
    BossMan
    		  
    #2

    Feb 16, 2009, 11:15 AM
    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
    pready's Avatar
    pready Posts: 3,197, Reputation: 207
    Ultra Member
    		  
    #3

    Feb 16, 2009, 01:53 PM

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