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  3. the 2016 financial statements for jam supply, inc,

The 2016 financial statements for Jam Supply, Inc, show total assets of $510,000,...

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The 2016 financial statements for Jam Supply, Inc, show total assets of $510,000, total liabilities of S315,000, net sales of $700,000, net income of $195,000, income from aperations of $255,000, cost of goads sold of $750,000, dividends of $26,000, and interest expense of $25,000. Total assets and total liabilitiss for 2015 were $515,000 and 5300,000, respectively. The market price per share was $28 at the and of 2016, and there were 90,000 and 105,000 shares of common stock outstanding in 2015 and 2016, respactively. Compute the following ratios for 2016. Round answers to two decimal places. 1. Earnings per share 2. Price-earnings ratio (Abbreviations used Avg.-Averags, EBIT Earnings before interest and taxes, OVS Outstanding) 1. Compute the earnings per share for 2016 Selact the formula nesded to determine this amount and then enter the amounts to calculate the eamings per shars. (Round your answer to the nearest cent, XXX) Earnings per share = 2. Compute the price-eamings ratio for 2016. Select the formula needed to determine this amount and then enter the amounts to calculate the ratio Round the ratio to two dec mal places, X Price-earnings ratio

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