The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end 2018 and 2019, while the income statement items correspond to revenues or expenses during the year ending in either 2018 or 2019. All values are in thousands of dollars. 2018 2019 $5,600 1,800 420 $5,700 1,900 440 Revenue Cont of gooda sold Depreciation Inventories 250 410 285 460 220 Administrative expenses Intereat expense Federal and state taxen Accounta payable Accounts receivable 220 790 810 325 280 450 525 Net fixed aBsete Long-term debt Notes payable Dividends paid Cash and marketable securities 5,530 2,410 740 320 4,900 2,000 1,010 320 800 390 * Taxes are paid in their entirety in the year that the tax obligation is incurred, T Net fixed assets are fixed assets net of accumulated depreciation since the asset was installed. Suppose that Fincorp has 445,000 shares outstanding. What were earnings per share? (Round your answers to 2 decimal places.) 2018 2019 Eamings per share.

Fundamentals Of Financial Management, Concise Edition (mindtap Course List)
10th Edition
ISBN:9781337902571
Author:Eugene F. Brigham, Joel F. Houston
Publisher:Eugene F. Brigham, Joel F. Houston
Chapter3: Financial Statements, Cash Flow, And Taxes
Section: Chapter Questions
Problem 19SP
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The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end 2018 and 2019, while
the income statement items correspond to revenues or expenses during the year ending in either 2018 or 2019. All values are
in thousands of dollars.
2018
2019
$5,600
1,800
420
$5,700
1,900
440
285
Revenue
Cont of gooda sold
Depreciation
Inventories
250
410
460
220
Administrative expenses
Intereat expense
Federal and state taxen
Accounta payable
Accounts receivable
220
790
810
325
280
450
525
Net fixed aBseta
Long-term debt
Notes payable
Dividends paid
Cash and marketable securities
5,530
2,410
740
4,900
2, 00০
1,010
320
800
320
390
* Taxes are paid in their entirety in the year that the tax obligation is incurred,
T Net fixed assets are fixed assets net of accumulated depreciation since the asset was installed.
Suppose that Fincorp has 445,000 shares outstanding. What were earnings per share? (Round your answers to 2 decimal
places.)
2018
2019
Eamings per share.
Transcribed Image Text:The table below contains data on Fincorp Inc. The balance sheet items correspond to values at year-end 2018 and 2019, while the income statement items correspond to revenues or expenses during the year ending in either 2018 or 2019. All values are in thousands of dollars. 2018 2019 $5,600 1,800 420 $5,700 1,900 440 285 Revenue Cont of gooda sold Depreciation Inventories 250 410 460 220 Administrative expenses Intereat expense Federal and state taxen Accounta payable Accounts receivable 220 790 810 325 280 450 525 Net fixed aBseta Long-term debt Notes payable Dividends paid Cash and marketable securities 5,530 2,410 740 4,900 2, 00০ 1,010 320 800 320 390 * Taxes are paid in their entirety in the year that the tax obligation is incurred, T Net fixed assets are fixed assets net of accumulated depreciation since the asset was installed. Suppose that Fincorp has 445,000 shares outstanding. What were earnings per share? (Round your answers to 2 decimal places.) 2018 2019 Eamings per share.
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