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Am's Companies, a home improvoment store chain, reported the following summarized figures: (Click tha ican...

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Accounting

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Am's Companies, a home improvoment store chain, reported the following summarized figures: (Click tha ican to view the income stadement) Click the icon to view the bolance theets) Aim's has 35,000 common thares cutstanding during 2024 . Raad the requirements. Requirement 1. Compule eamings per share (EPS) for 2024 for Amis. Round to the nearest cont. the rearest cent, $x,x.) Requirement 2. Compute Amis Companies' priceneacnings raso for 20e4. The market price per share of Am's stock is \$14 00 . Amis Companes' priceleamings ratio for 2024 means that the companys stock is setling at This is This indicstee that investors are paying a price for the stock comparnd to its earnings, the industry anerage. Aim's Companies Balance Sheet May 31, 2024 and 2023 Aim's Companies Income Statement Years Ended May 31, 2024 and 2023 \begin{tabular}{lrrr|} \hline Net Sales Revenue & \multicolumn{2}{c}{2024} & \multicolumn{2}{c|}{2023} \\ \cline { 2 - 4 } Cost of Goods Sold & $ & 51,200 & 38,800 \\ \hline Interest Expense & 22,500 & 23,700 \\ \hline All Other Expenses & 500 & 320 \\ Net Income & 5,800 & 8,400 \\ \hline \end{tabular}

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