St. PetersburgCorporation Use theinformation obtained from the comparative financial statementsincluded in the St. Petersburg Corporation's 2016 annual reportthat is presented below to answer the questions that follow. Allamounts are in thousands of dollars. Dec. 31, 2016 Dec. 31, 2015 Total assets $800,000 $975,000 Total common stockholders' equity 405,000 578,000 Total stockholders' equity 504,000 702,000 31-Dec FOR THE FISCAL YEARS ENDED 2016 2015 Interest expense, net of tax $5,000 $4,700 Interest expense 6,100 5,800 Income tax expense 22,600 32,600 Net income 110,000 27,000 Common dividends 12,600 7,200 Net sales 2,667,600 1,971,000 Preferred dividends 9,000 14,400 16. Refer to the financialinformation for St. Petersburg Corporation. REQUIRED: Calculate theearnings per share for St. Petersburg for 2016 and 2015 assuming anaverage of 100,000 common shares were outstanding during 2016 andan average of 80,000 common shares were outstanding during 2015.Explain the change as it probably relates to the market value ofthe stock.

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St. PetersburgCorporation     Use theinformation obtained from the comparative financial statementsincluded in the St. Petersburg Corporation's 2016 annual reportthat is presented below to answer the questions that follow. Allamounts are in thousands of dollars.         Dec. 31, 2016 Dec. 31, 2015   Total assets $800,000 $975,000    Total common stockholders' equity 405,000 578,000    Total stockholders' equity 504,000 702,000           31-Dec     FOR THE FISCAL YEARS ENDED 2016 2015    Interest expense, net of tax $5,000 $4,700    Interest expense 6,100 5,800    Income tax expense 22,600 32,600    Net income 110,000 27,000    Common dividends 12,600 7,200    Net sales 2,667,600 1,971,000    Preferred dividends 9,000 14,400   16. Refer to the financialinformation for St. Petersburg Corporation.  REQUIRED:     Calculate theearnings per share for St. Petersburg for 2016 and 2015 assuming anaverage of 100,000 common shares were outstanding during 2016 andan average of 80,000 common shares were outstanding during 2015.Explain the change as it probably relates to the market value ofthe stock.

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St. PetersburgCorporation
Use theinformation obtained from the comparative financial statementsincluded in the St. Petersburg Corporation's 2016 annual reportthat is presented below to answer the questions that follow. Allamounts are in thousands of dollars.

	Dec. 31, 2016	Dec. 31, 2015
Total assets	$800,000	$975,000
Total common stockholders' equity	405,000	578,000
Total stockholders' equity	504,000	702,000

	31-Dec
FOR THE FISCAL YEARS ENDED	2016	2015
Interest expense, net of tax	$5,000	$4,700
Interest expense	6,100	5,800
Income tax expense	22,600	32,600
Net income	110,000	27,000
Common dividends	12,600	7,200
Net sales	2,667,600	1,971,000
Preferred dividends	9,000	14,400
16. Refer to the financialinformation for St. Petersburg Corporation.
REQUIRED:
Calculate theearnings per share for St. Petersburg for 2016 and 2015 assuming anaverage of 100,000 common shares were outstanding during 2016 andan average of 80,000 common shares were outstanding during 2015.Explain the change as it probably relates to the market value ofthe stock.