1. Income Statement Barnyard, Inc.'s 2008 income statement lists the following income and expenses: EBIT = $506,000, Interest expense = $54,000, and Taxes = $158,000. Barnyard's has no preferred stock outstanding and 260,000 shares of common stock outstanding. What are its the 2008 earnings per share? (Round your answer to 2 decimal places.)
$1.74
$1.95
$1.34
$1.13
2. Market Value Ratios Lab R Doors' year-end price on its common stock is $45. The firm has a profit margin of 10.5%, total assets of $30 million, a total asset turnover ratio of 2.00, no preferred stock, and there are 4.0 million shares of common stock outstanding. What is the PE ratio for Lab R Doors? (Do not round intermediate steps.)
A. 28.571
B. 0.333
C. 9.524
D. 0.666