Matthias Medical manufactures hospital beds and other institutional furniture. T

Question

Matthias Medical manufactures hospital beds and other institutional furniture. The com sheet and income statement for 2015 and 2016 follow. pany s comparative balance Comparative Balance Sheet As of December 31 2016 2015 Assets Current assets Cash Accounts receivable, net Inventory Other current assets $382,600 1,065,370 717,000 381,300 2,546,270 8,678,000 $417,400 776,400 681,000 247,000 2,121,800 Total current assets 08,440,100 511,224,270 510,561,900 Property, plant, & equipment, net Total assets Liabilities and Stockholders' Equity Current liabilities Long-term debt $3,162,800 $2,846,000 3,892,600 6,738,600 58,900 103,800 3,660,600 3,823,300 Total liabilities and stockholders' equity $11,224,270 10,561,900 3,702,600 6,865,400 58,900 104,600 4,195,370 4,358,870 Total liabilities Preferred stock, $5 par value Common stock, 0.25 par value Retained earnings Total stockholders' equity

Explanation / Answer

Earning per Share for the year 2016

Net income 9,97,570 Less Prefernce dividend 29,450 Earnings avaiable for common stockholders 9,68,120 Weighted average shares of common stock outstanding 4,18,000 Earning per share (968,120/418,000)   2.32

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