Question

CALCULATOR FULL SCREEN PRINTER VERSION BAC Brief Exercise 2-3 * Your Wer is incorrect. Try again. Suppose the following infor
0 0
Add a comment Improve this question Transcribed image text
Answer #1

Answer

Sales Revenue = $9220 million

Net Income = $150 million

Preferred Dividend =$0

Average Outstanding Shares = 283 million

Earning Per Share = Net Income - Preferred Dividend Average Outstanding Shares

Earning Per Share = 150 - 0 283 ​​​​​

Earning Per Share = \frac{150 }{ 283} ​​​​​​

Earning Per Share = $0.53

So Earning Per Share for Limited Brands = $0.53

Add a comment
Know the answer?
Add Answer to:
CALCULATOR FULL SCREEN PRINTER VERSION BAC Brief Exercise 2-3 * Your Wer is incorrect. Try again....
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions
  • CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Brief Exercise 19-7 Your answer is incorrect. Try again....

    CALCULATOR FULL SCREEN PRINTER VERSION BACK NEXT Brief Exercise 19-7 Your answer is incorrect. Try again. NoFly Corporation sells three different models of a mosquito "zapper" Model A12 sells for $61 and has variable costs of $44. Model 822 sells for $107 and has variable costs of $73. Model C124 sells for $403 and has variable costs of $306. The sales mix of the three models is A12, 58 % ; 822, 25 % ; and C124, 17 % What...

  • Practice Assignment Gradebook ORION Downloadable eTextbook signment CALCULATOR PRINTER VERSION BACK NEXT Brief Exercise 2-04 Your...

    Practice Assignment Gradebook ORION Downloadable eTextbook signment CALCULATOR PRINTER VERSION BACK NEXT Brief Exercise 2-04 Your answer is incorrect. Try again. Suppose the following information (in millions of dollars) is available for Limited Brands for a recent year: sales revenue $9,170, net income $268, preferred dividend $0, and weighted average common shares outstanding 400 million. Compute the earnings per share for Limited Brands. (Round answer to 2 decimal places, e.g. 15.25.) Earnings per share Click If you would like to...

  • FULL SCREEN PRINTER VERSION BACK NEXT Brief Exercise 2-7 (a-b) The following information is available for...

    FULL SCREEN PRINTER VERSION BACK NEXT Brief Exercise 2-7 (a-b) The following information is available for Leon's Furniture Limited for the years ended December 31 (in thousands, except for share price): 2015 2014 Income available to common shareholders $76,629 $75,524 Weighted average number common shares 71,218 70,899 Share price $13.99 $17.31 Calculate the basic earnings per share and the price-earnings ratio for each year. (Round earnings per share to 2 decimal places, e.g. 5.25 and price-earnings ratio to 1 decimal...

  • CALCULATOR MESSAGE MY INSTRUCTOR FULL SCREEN PRINTER VERSION BACK Brief Exercise 15-4 Flounder Corporation issued 380...

    CALCULATOR MESSAGE MY INSTRUCTOR FULL SCREEN PRINTER VERSION BACK Brief Exercise 15-4 Flounder Corporation issued 380 shares of $10 par value common stock and 107 shares of $50 par value preferred stock for a lump sum of $15,507. The common stock has a market price of $20 per share, and the preferred stock has a market price of $90 per share. mal entry to record the issuance. (Round intermediate calculations to 6 decimal places, e.g. o.546872 and final answers to...

  • Question 3 View Policies Show Attempt History Current Attempt in Progress * Your answer is incorrect....

    Question 3 View Policies Show Attempt History Current Attempt in Progress * Your answer is incorrect. Suppose the following information (in millions of dollars) is available for Limited Brands for a recent year: sales revenue $8,670, net income $244, preferred dividend $0, and weighted average common shares outstanding 400 million. Compute the earnings per share for Limited Brands. (Round answer to 2 decimal places, e.g. 15.25.) Earnings per share $ 0.57 eTextbook and Media Save for Later Attempts: unlimited Submit...

  • URCES CALCULATOR FULL SCREEN PRINT VERSION BACK Brief Exercise 10-02 X Your answer is incorrect. Try...

    URCES CALCULATOR FULL SCREEN PRINT VERSION BACK Brief Exercise 10-02 X Your answer is incorrect. Try again. 2 4 Rich Castillo Company Incurs the following expenditures in purchasing a truck: cash price $30,000, accident insurance $2,000, sales taxes $2,100, motor vehicle license $100, and painting and lettering $400. What is the cost of the truck? 7al. Zalo Cost of the truck 34600 LINK TO TEXT

  • CALCULATOR FULL SCREEN PRINTER VERSION <BACK RESOURCES er 4 HW 4-02 4-03 2 4-04 Brief Exercise...

    CALCULATOR FULL SCREEN PRINTER VERSION <BACK RESOURCES er 4 HW 4-02 4-03 2 4-04 Brief Exercise 4-02 Brisky Corporation had net sales of $2,400,000 and interest revenue of $31,000 during 2020. Expenses for 2020 were cost of goods sold $1,450,000, administrative expenses $212,000, selling expenses $280,000, and interest expense $45,000. Brisky's tax rate 30%. The corporation had 100,000 shares of common stock authorized and 70,000 shares issued and outstanding during 2020. Prepare a single-step in statement for the year ended...

  • NEXX CALCULATOR MESSAGE MY INSTRUCTOR FULL SCREEN PRINTER VERSION BACK Brief Exercise 15-15 Ma gold cor...

    NEXX CALCULATOR MESSAGE MY INSTRUCTOR FULL SCREEN PRINTER VERSION BACK Brief Exercise 15-15 Ma gold cor ration has outstanding i 900 shares of $100 par value, 6% preferred stock and 6,500 shares of Si ar value common stock rhe p eferred stock was issued in January 2017, and no dividends were declared in 2017 or 2018. In 2019, Marigold declares a cash dividend of $274,000. (a) Assume that the preferred are noncumulative. How much dividend will the preferred stockholders receive?...

  • CALCULATOR FULL SCREEN PRINTER VERSION BACH Open calculator Brief Exercise 8-4 At the end of 2019,...

    CALCULATOR FULL SCREEN PRINTER VERSION BACH Open calculator Brief Exercise 8-4 At the end of 2019, Sheffield Corp. has accounts receivable of $739,200 and an allowance for doubtful accounts of $67,900. On January 24, 2020, the company learns that it receivable from Megan Gray is not collectible, and management authorizes a write-off of $6,500. Prepare the journal entry to record the write-off. (Credit account titles are automatically indented when amount is entered. Do not indent manually.) Act Than Explanation Debit...

  • S Kimmel, Financial Accounting, Se Help I System Announcements PRINTER VERSION NEXT CALCULATOR BACK Brief Exercise...

    S Kimmel, Financial Accounting, Se Help I System Announcements PRINTER VERSION NEXT CALCULATOR BACK Brief Exercise 9-1 Your answer is incorrect. Try again. These expenditures were incurred by Crane Company in purchasing land: cash price $59,370, assumed accrued property taxes $4,580, attorney's fees $2,190, real estate broker's commission $3,810, and clearing and grading $4,980. What is the cost of the land? The cost of the land LINK TO TEXT INTERACTIVE TUTORIAL

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT