Homework Answers
Earnings per share = Net income / Average common stock outstanding
Earnings per share = $9,660,000 / [(4,100,000 + 4,300,000) / 2]
Earnings per share = $2.30 per share
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illustration of EPS National Beverage n men ept price Tear 3 Vear Year 2 Net incime...
Illustration of EPS National Beverage miions ept price Yea3 ह। Year 1 Net noome s 12...
Illustration of EPS National Beverage miions ept price Yea3 ह। Year 1 Net noome s 12 S 416 Poed Dividends 02 07 Aage Numberol Shares Outstandr 64 63 Common Stockheden aty ock price $147 1852 Year3 Net nome-Preferred Oividends ES Se12-502 543-5031 404 Average Numbr of Shares Outstanding 60 131 $106 Year Generated $1.31 of income for every share of common stock, an increase of 50.25 per share EPS is not appropriate for comparing across companies Knowledge Check 01 A...
Illustration of EPS National Beverage In milions, except price Met income Preferred Dividends hesage Humber of...
Illustration of EPS National Beverage In milions, except price Met income Preferred Dividends hesage Humber of Shams Outstanding Connen Stockho ut income-Pared Dividends Average Number of Shares Outstanding Year 3 Generated $1.31 of income for every share of common stock, an increase of $0.25 per share EPS is not appropriate for comparing across companies Knowledge Check 01 A company reported net income of $9,660,000 for the year. There were 4.1 million shares of common stock outstanding at the beginning of...
BE 19-12 EPS; shares issued; shares retired • LO19-5, LO19-6 McDonnell-Myer Corporation reported net income of...
BE 19-12 EPS; shares issued; shares retired • LO19-5, LO19-6 McDonnell-Myer Corporation reported net income of $741 million. The company had 544 million common shares outstanding at January 1 and sold 36 million shares on February 28. As part of an annual share repurchase plan, 6 million shares were retired on April 30 for $47 per share. Calculate McDonnell-Myer's earnings per share for the year.
EPS Carlson Company reported net income of $1,750 million in 2016. The weighted average number of...
EPS Carlson Company reported net income of $1,750 million in 2016. The weighted average number of common shares outstanding during 2016 was 525 million shares. Carlson paid $30 million in dividends on preferred stock, which was convertible into 15 million shares of common stock. What is the basic earnings per share amount for 2016? Select one: O a. $3.28 b. $3.24 c. $3.19 d. $3.33 Previous Save Answers Next
26. The formula to calculate Earnings Per Share (EPS) on common stock is: Net Income minus...
26. The formula to calculate Earnings Per Share (EPS) on common stock is: Net Income minus ?? Shares of Common Stock Outstanding A. Shares of Common Stock B. Preferred Dividends C. Market Price D. Shares of Preferred Stock 27. The components of Work in Process costs do NOT include the following: A. Materials Inventory B. Direct Labor C. Factory Overhead D. Cost of Goods Sold 28. Based on the following information about Kleino's Deli, in which year did Kleing's retain...
Exercise 19-17 EPS; stock dividend; nonconvertible preferred stock; treasury shares; shares sold; stock options [LO19-5, 19-6,...
Exercise 19-17 EPS; stock dividend; nonconvertible preferred stock; treasury shares; shares sold; stock options [LO19-5, 19-6, 19-7, 19-8] On December 31, 2017, Berclair Inc, had 400 million shares of common stock and 5 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2018, Berclair purchased 104 million shares of its common stock as treasury stock. Berclair issued a 5% common stock dividend on July 1, 2018. Four million treasury shares were sold on...
: basic and diluted EPS. Basic E On a firm's income statement, you likely will see...
: basic and diluted EPS. Basic E On a firm's income statement, you likely will see two entries for earnings per share (EPS): basic and diluted EPS. Basic EPS is the firm's net income available to shareholders divided by the number of shares of common stock. However, while common shares are definite claims of an owner's equity, unexercised stock options, convertible debt and preferred stock, and warrants represent potential claims on an owner's equity. If they are exercised or converted,...
Exercise 19-19 EPS; stock dividend; nonconvertible preferred stock; treasury shares; shares sold; stock options; co...
Exercise 19-19 EPS; stock dividend; nonconvertible preferred stock; treasury shares; shares sold; stock options; convertible bonds [LO19-5,19-6, 19-7, 19-8, 19-9] On December 31, 2017, Berclair Inc. had 480 million shares of common stock and 5 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2018, Berclair purchased 24 million shares of its common stock as treasury stock. Berclair issued a 5% common stock dividend on July 1, 2018. Four million treasury shares were...
Exercise 19-19 EPS; stock dividend; nonconvertible preferred stock; treasury shares; shares sold; stock options, convertible bonds...
Exercise 19-19 EPS; stock dividend; nonconvertible preferred stock; treasury shares; shares sold; stock options, convertible bonds [LO19-5,19-6, 19-7, 19-8, 19-9) On December 31, 2017. Berclair Inc. had 260 million shares of common stock and 6 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding on March 1, 2018, Berclair purchased 24 million shares of its common stock as treasury stock Berclair issued a 5% common stock dividend on July 1, 2018. Four million treasury shares were...
Exercise 19-17 EPS; stock dividend; nonconvertible preferred stock; treasury shares; shares sold; stock options [LO19-5, 19-6,...
Exercise 19-17 EPS; stock dividend; nonconvertible preferred stock; treasury shares; shares sold; stock options [LO19-5, 19-6, 19-7, 19-8] On December 31, 2017, Berclair Inc. had 400 million shares of common stock and 5 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2018, Berclair purchased 104 million shares of its common stock as treasury stock Berclair issued a 5% common stock dividend on July 1, 2018. Four million treasury shares were sold on...
Illustration of EPS National Beverage miions ept price Yea3 ह। Year 1 Net noome s 12 S 416 Poed Dividends 02 07 Aage Numberol Shares Outstandr 64 63 Common Stockheden aty ock price $147 1852 Year3 Net nome-Preferred Oividends ES Se12-502 543-5031 404 Average Numbr of Shares Outstanding 60 131 $106 Year Generated $1.31 of income for every share of common stock, an increase of 50.25 per share EPS is not appropriate for comparing across companies Knowledge Check 01 A...
Illustration of EPS National Beverage In milions, except price Met income Preferred Dividends hesage Humber of Shams Outstanding Connen Stockho ut income-Pared Dividends Average Number of Shares Outstanding Year 3 Generated $1.31 of income for every share of common stock, an increase of $0.25 per share EPS is not appropriate for comparing across companies Knowledge Check 01 A company reported net income of $9,660,000 for the year. There were 4.1 million shares of common stock outstanding at the beginning of...
BE 19-12 EPS; shares issued; shares retired • LO19-5, LO19-6 McDonnell-Myer Corporation reported net income of $741 million. The company had 544 million common shares outstanding at January 1 and sold 36 million shares on February 28. As part of an annual share repurchase plan, 6 million shares were retired on April 30 for $47 per share. Calculate McDonnell-Myer's earnings per share for the year.
EPS Carlson Company reported net income of $1,750 million in 2016. The weighted average number of common shares outstanding during 2016 was 525 million shares. Carlson paid $30 million in dividends on preferred stock, which was convertible into 15 million shares of common stock. What is the basic earnings per share amount for 2016? Select one: O a. $3.28 b. $3.24 c. $3.19 d. $3.33 Previous Save Answers Next
26. The formula to calculate Earnings Per Share (EPS) on common stock is: Net Income minus ?? Shares of Common Stock Outstanding A. Shares of Common Stock B. Preferred Dividends C. Market Price D. Shares of Preferred Stock 27. The components of Work in Process costs do NOT include the following: A. Materials Inventory B. Direct Labor C. Factory Overhead D. Cost of Goods Sold 28. Based on the following information about Kleino's Deli, in which year did Kleing's retain...
Exercise 19-17 EPS; stock dividend; nonconvertible preferred stock; treasury shares; shares sold; stock options [LO19-5, 19-6, 19-7, 19-8] On December 31, 2017, Berclair Inc, had 400 million shares of common stock and 5 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2018, Berclair purchased 104 million shares of its common stock as treasury stock. Berclair issued a 5% common stock dividend on July 1, 2018. Four million treasury shares were sold on...
: basic and diluted EPS. Basic E On a firm's income statement, you likely will see two entries for earnings per share (EPS): basic and diluted EPS. Basic EPS is the firm's net income available to shareholders divided by the number of shares of common stock. However, while common shares are definite claims of an owner's equity, unexercised stock options, convertible debt and preferred stock, and warrants represent potential claims on an owner's equity. If they are exercised or converted,...
Exercise 19-19 EPS; stock dividend; nonconvertible preferred stock; treasury shares; shares sold; stock options; convertible bonds [LO19-5,19-6, 19-7, 19-8, 19-9] On December 31, 2017, Berclair Inc. had 480 million shares of common stock and 5 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2018, Berclair purchased 24 million shares of its common stock as treasury stock. Berclair issued a 5% common stock dividend on July 1, 2018. Four million treasury shares were...
Exercise 19-19 EPS; stock dividend; nonconvertible preferred stock; treasury shares; shares sold; stock options, convertible bonds [LO19-5,19-6, 19-7, 19-8, 19-9) On December 31, 2017. Berclair Inc. had 260 million shares of common stock and 6 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding on March 1, 2018, Berclair purchased 24 million shares of its common stock as treasury stock Berclair issued a 5% common stock dividend on July 1, 2018. Four million treasury shares were...
Exercise 19-17 EPS; stock dividend; nonconvertible preferred stock; treasury shares; shares sold; stock options [LO19-5, 19-6, 19-7, 19-8] On December 31, 2017, Berclair Inc. had 400 million shares of common stock and 5 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2018, Berclair purchased 104 million shares of its common stock as treasury stock Berclair issued a 5% common stock dividend on July 1, 2018. Four million treasury shares were sold on...
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