Now I need earnings per share No dividends were paid during 2008. Summarized fin
ID: 2388450 • Letter: N
Question
Now I need earnings per share
No dividends were paid during 2008.
Summarized financial data for two competitors is set out below:
(All balances are as of 12/31/08 or for the year ended 12/31/08)
Oscar Corp
Felix Corp
Sales revenue
800,000
600,000
Total expenses
400,000
200,000
Cash
90,000
25,000
Accounts receivable
120,000
75,000
Property plant and equipment, net
250,000
225,000
Accounts payable
95,000
60,000
Salaries payable
75,000
35,000
Long term liabilities
150,000
75,000
Common shares outstanding, beginning of year
50,000
25,000
Common shares outstanding, end of year
100,000
40,000
No dividends were paid during 2008.
Explanation / Answer
first company is oscar and the second one is felix Revenues 800,000 600,000 Expenses 400,000 200,000 Net income 400,000 400,000 Average common stock 75,000 32,500 (beginning shares + ending shares) divided by 2) EPS 5.33 12.31
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