Consider the balance-sheet entries for War Eagle Corporation in Table P2.1.
(a) Compute the firm's (8 marks)
Current assets: $_____
Current liabilities: $_____
Working capital: $_____
Shareholders' equity: $_____
2
(b) If the firm had a net income of $500,000 after taxes, what is the earnings per share?
(c) When the firm issued its common stock, what was the market price of the stock per share?