Use the Hajjar's Data Set when making the following calculations:

a. Compute earnings per share (EPS) for Hajjar's. The number of shares outstanding was 392,520.

b. Compute Hajjar's price/earnings ratio. The price of a share of Hajjar's is $70.20.

Hajjar's

Income Statement

For the Year Ended December 31, 2012

Net sales ...................................................................................................... $42,522,500

Cost of goods sold........................................................................................ 29,900,000

Interest expense............................................................................................ 405,820

All other expenses ........................................................................................ 9,665,300

income.......................................................................................................... $2,551,380

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Hajjar's Balance Sheet December 31, 2012 and 2011 2012 $ 1,300,000 $ 900,000 Total current liabilities 2011 2012 2011 4,800,000 3,250,000 4,529,000 4,760,000 Cash Short-term investments..250,000 275,000 Long-term liabilities Accounts receivable Inventory....4,870,000 4,330,000 Other current00 Total current assets All other Total assets 200,000 219,400 Total liabilities 9,329,000 8,01 ,520,000 2,500,000 arnings.7.4310006,175,000 10,951,000 8,675,000 $20,280,000 $16,685,000 Total liabilities and equity. $20,280,000 $16,685,000 assets..._ 600,000 455,600 Common 7,220,000 6,180,000 Retained earning r assets13,060,000 10,505,000 Total equity