Show transcribed image text Consider the balance-sheet entries for War Eagle Corporation in Table (a) Compute the firm's Current assets: S Current liabilities. $ Working capital: Shareholders equity $ (b) If the firm had a net income of $500,000 after taxes, what are the earnings per share? (c) When the firm issued its common stock, what was the market price of the stock per share? Table Balance Sheet Statements as of December 31, 2015 Assets Cash 150,000 Marketable securities 200,000 Accounts receivable 150,000 Inventories 50,000 Prepaid taxes and insurance 30,000 Manufacturing plant at cost S 600,000 Less accumulated depreciation 100,000 Net fixed assets 500,000 Goodwill 20,000 Liabilities and Shareholders' Equity Notes payable 50,000 Accounts payable 100.000 Income taxes payable S0.000 Long-term mortgage bonds 400,000 Preferred stock, 6%, $100 par value (1.000 shares) 100.000 Common stock, $15 par value (10,000 shares) 150,000 Capital surplus 150,000 Retained earnings 70,000