EPS Financial information for Semester Company for three recent years is as follows: Fiscal Years Ended...
EPS Financial information for Semester Company for three recent years is as follows: Fiscal Years Ended Year 3 Year 2 Year 1 Net income $19,949 $16,775 $13,312 Preferred dividends $543 $425 $312 Average number of common shares outstanding 3,100 3,000 2,500 Determine the earnings per share for fiscal Year 3, Year 2, and Year 1. Round to two decimal places. Year 3 Earnings $ per share Year 2 Earnings $ per share Year 1 Earnings $ per share
Homework Answers
Answer, including required workings:
| Working | Year 3 | Year 2 | Year 1 | |
| Net Income | $ 19,949 | $ 16,775 | $ 13,312 | |
| Less: Preferred stock dividend | $ 543 | $ 425 | $ 312 | |
| A | Net Income for common stock holders | $ 19,406 | $ 16,350 | $ 13,000 |
| B | Average no. of common stock outstanding | 3100 | 3000 | 2500 |
| C = A / B | Earnings per share = ANSWER | $ 6.26 | $ 5.45 | $ 5.20 |
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EPS Financial information for Semester Company for three recent
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