Question & Answer: Do It! Review 2-2 X Your answer is incorrect. Try again. The following information is available for Sarasota Corp 2017 2016 Cu…..

Do It! Review 2-2 X Your answer is incorrect. Try again. The following information is available for Sarasota Corp 2017 2016 Current assets Total assets Current liabilities Total liabilities Net income Net cash provided by operating activities Preferred dividends Common dividends Expenditures on property, plant, and equipment $ 55,000 $ 37,000 241,000 206,000 31,000 73,000101,000 41,000 57,000 7,000 2,500 13,000 23,000 81,000 91,000 7,000 4,000 28,000 Shares outstanding at beginning of year Shares outstanding at end of year 41,000 76,000 31,000 41,000 (a) Compute earnings per share for 2017 and 2016 for Sarasota. (Round Earnings per share to 2 decimal places, e.g. $2.78.)