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og question Understanding EPS Calculations On its Form 10-K for the year ended December 31, 2015,...
Understanding EPS Calculations On its Form 10-K for the year ended December 31, 2015, Bank of America Corp. reported information related to basic earnings per share. Fill in the missing information. Rounding instruction: Round answer a. to two decimal places. Round answer b., c., & d. to the nearest million. Round answer e. to three decimal places. $ millions, except per share amounts 2015 2014 2013 Net income $15,888 $4,833 d. Answer Preferred stock dividends $1,483 b. Answer $1,349 Net...
Question text Understanding EPS Calculations On its Form 10-K for the year ended December 31, 2015, Bank of America Corp. reported information related to basic earnings per share. Fill in the missing information. Rounding instruction: Round answer a. to two decimal places. Round answer b., c., & d. to the nearest million. Round answer e. to three decimal places. $ millions, except per share amounts 2015 2014 2013 Net income $17,287 $4,833 d. Answer Incorrect Mark 0.00 out of 1.00...
M8-20. Understanding EPS Calculations On its Form 10-K for the year ended December 31,2015, Bank of America Corp. reported information related to basic earnings per share. Fill in the missing information 2015 $15,888 $01,483 $14,405 S millions, except per share amounts 2014 2013 $4,833 Preferred stock div Net income applicable to common shareholders.. . . . . . Average common shares outstanding . . . Basic earnings per share . . .. . . . .. $01,349 $10,082 c 10,462.282...
Understanding EPS Calculations On its Form 10-K for the year ended December 31, 2018, Bank of America Corp. reported information related to basic earnings per share. Fill in the missing information. Rounding instruction: Round answer a. to two decimal places. Round answer b., C., & d. to the nearest million. Round answer e. to one decimal place. 2018 2017 2016 $ millions, except per share amounts Net income $18,232 d. $ $28,147 1,451 b. $ 26,696 c. $ 10,096.5 Preferred...
Calculating and Interpreting EPS Information Wells Fargo reports the following information in its 2015 Form 10-K. in millions 2015 2014 Wells Fargo net income $25,116 $25,279 Preferred stock dividends $1,646 $1,458 Common stock dividends $7,400 $6,908 Average common shares outstanding 5,136.5 5,237.2 Diluted average common shares outstanding 5,209.8 5,3244 Determine Wells Fargo's basic EPS for fiscal 2015 and for fiscal 2014 Round answers to two decimal places. Basic EPS 2015 $ 2014 $
Sunland Corporation had net income of $50,500 for the year ended December 31, 2020, and a weighted average number of common shares outstanding of 12,400. The following information is provided regarding the capital structure: 1. 8% convertible debt, 260 bonds each convertible into 42 common shares. The bonds were outstanding for the entire year. The income tax rate is 40%. The bonds were issued at par ($1,150 per bond). No bonds were converted during the year. 2. 3% convertible, cumulative...
EzeeCredit Company reported net income of $4,080,000 for the year ended December 31, 2020. During the year the company also declared and paid dividends of $510,000 on the company's preferred shares. During the same period, the company had a total of 11,900,000 common shares outstanding. Calculate the company's earnings per share (or EPS). (Round answer to 2 decimal places, e.g. 52.75.) Earnings per share (or EPS)
Bridgeport Corporation had a net income for the current year ending December 31, 2021 of $1,211,000. Throughout 2021 the following items were outstanding: • 415,000 common shares • 20,000 Class A $3 cumulative preferred shares that were convertible to common shares at a rate of 1:1 52,000 Class B $4 non-cumulative preferred shares that were convertible at a rate of one common share for every two preferred shares. $510,000, 8% bonds that were convertible to 15,000 common shares • $287,000,...
Convertible Preferred Stock, Convertible Bonds, and EPS Francis Company has 12,000 shares of common stock outstanding at the beginning of 2016. Francis issued 1,500 additional shares on May 1 and 1,000 additional shares on September 30. It also has two convertible securities outstanding at the end of 2016. These are: Convertible preferred stock: 1,250 shares of 9.0%, $50 par, preferred stock were issued on January 2, 2013, for $60 per share. Each share of preferred stock is convertible into 3...
During the year ended December 31, 2020, Gluco Inc. split its stock on a 4-for-1 basis. In its annual report for 2019, the firm reported net income of $930,200 for 2019, with an average 217,300 shares of common stock outstanding for that year. There was no preferred stock. Required: a. What amount of net income for 2019 will be reported in Gluco's 2020 annual report? b. Calculate Gluco's earnings per share for 2019 that would have been reported in the...