Reference no: EM13481629

The table below contains data on Fincorp, Inc., the balance sheet items correspond to values at year-end of 2010 and 2011, while the income statement items correspond to revenues or expenses during the year ending in either 2010 or 2011. All values are in thousands of dollars. 2010 2011 Revenue $4,500 $4,600 Cost of goods sold 1,850 1,950 Depreciation 550 570 Inventories 325 400 Administrative expenses 550 600 Interest expense 200 200 Federal and state taxes* 450 470 Accounts payable 325 400 Accounts receivable 430 500 Net fixed assets† 5,500 6,350 Long-term debt 2,500 2,900 Notes payable 1,025 650 Dividends paid 510 510 Cash and marketable securities 850 350 _ Taxes are paid in their entirety in the year that the tax obligation is incurred. † Net fixed assets are fixed assets net of accumulated depreciation since the asset was installed. Suppose that Fincorp has 500,000 shares outstanding. What were earnings per share?