Use the financial statements of Win€™s Companies in Short Exercise 15-5. Win€™s has 500,000 common shares outstanding during 2012.

Requirements
1. Compute earnings per share (EPS) for Win€™s. Round to the nearest cent.
2. Compute Win€™s Companies€™ price/earnings ratio. The market price per share of Win€™s stock is$68.50.

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WIN'S COMPANIES Income Statement Years Ended May 31, 2012 and 2011 2012 2011 Net sales Cost of goods sold S 50,200,000 S 43,800,000 29,300,000 28,400,000 500,000 140,000 Interest expense All other expenses Net income 5,800,000 8,400,000 15,500,000 S 5,960.000 WIN'S COMPANIES Balance Sheet May 31, 2012 and 2011 2011 S 2,000,000 S 900,000 Total current liabilitics 9,000,000 Long-term liabilitics Liabilitics 2012 $ 33,000,000 $ 13,100,000 12,300,000 10,600,000 $ 45,300,000 $ 23,700,000 Assets 2012 2011 Cash Short-term investments 28,000,000 Accounts receivable 7,400,000 5,300,000 Total liabilities Stockholders' Equity Inventory 6,900,000 8,200,000 1,800,000 Common stock $ 54,300,000 $ 25,200,000 Retained carnings 26,000,000 Total equity $ 11,000,000 $ 11,000,000 Other current assets 10,000,000 Total current assets 32,000,000 16,500,000 $ 43,000,000 $ 27,500,000 All other assets 34,000,000 S 8,300,000 $ 51,200,000 Total liabilitics and cquity $ 88,300,000 $ 51,200,000 Total assets