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1. Consider the balance-sheet entries for War Eagle Corporation in the table below. (a) Compute...

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1. Consider the balance-sheet entries for War Eagle Corporation in the table below. (a) Compute the firm's Current assets: $ Current liabilities: $ Working capital: $_ Shareholders' equity: $_ (b) If the firm had a net income of $500,000 after taxes, what is the earnings per share of comm stock? (c) When the firm issued its common stock, what was the market price of the stock per share? Balance Sheet Statement as of December 31, 2009 Assets: Cash Marketable securities Accounts receivables Inventories Prepaid taxes and insurance Manufacturing plant at cost Less accumulated depreciation Net fixed assets Goodwill $ $ $ $ $ $ $ $ $ 150,000 200,000 150,000 50,000 30,000 600,000 100,000 500,000 20,000 $ $ $ Liabilities and shareholders' equity: Notes payable Accounts payable Income taxes payable Long-term mortgage bonds Preferred stock, 6%, $100 par value (1000 shares) Common stock, $15 par value (10,000 shares) Capital surplus Retained earnings 50,000 100,000 80,000 400,000 100,000 150,000 150,000 70,000 $ $ $ $

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