Question: Minden CO has current assets of $180,000 (cash: $20,000, AR: $70,000, inventory: $90,000), and long term assets that had cost $400,000, with accumulated depreciation to date of $180,000. Sales were $500,000 and operating profit was $50,000, tax was $20,000 and interest was $10,000. A dividend of $10,000 was paid to the common shareholders. There are 1,000 shares in issue. What are their earnings per share?