SOLUTION

Zoeckler Mowing & Landscaping’s year-end 2012 balance sheet lists current assets of $436,500, fixed assets of $551,500, current liabilities of $417,900, and long-term debt of $317,100. Calculate Zoeckler’s total stockholders’ equity. The Fitness Studio, Inc.’s, 2012 income statement lists the following income and expenses: EBIT = $782,000, interest expense = $270,000, and taxes = $179,200. The firm has no preferred stock outstanding and 100,000 shares of common stock outstanding. Calculate the 2012 earnings per share. (Round your answer to 2 decimal places.)

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