1. Balance Sheet Jack and Jill Corporation's year-end 2009 balance sheet lists current assets of $249,000, fixed assets of $799,000, current liabilities of $194,000, and long-term debt of $299,000. What is Jack and Jill's total stockholders' equity?

There is not enough information to calculate total stockholder's equity.

$493,000

$555,000

$1,048,000

2. Income Statement Bullseye, Inc.'s 2008 income statement lists the following income and expenses: EBIT = $709,000, Interest expense = $56,000, and Taxes = $226,000. Bullseye's has no preferred stock outstanding and 390,000 shares of common stock outstanding. What are the 2008 earnings per share?

$1.67

$1.24

$1.10

$1.82