Question text Understanding EPS Calculations On its Form 10-K for the year ended December 31, 2015,...
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 |
||
| Preferred stock dividends | $1,483 | b. |
Answer
Incorrect |
$1,349 | ||
| Net income applicable to common shareholders | $15,804 | c. |
Answer
Incorrect |
$9,993 | ||
| Average common shares outstanding | 10,462.282 | 10,527.818 | e. |
Answer
Incorrect |
||
| Basic earnings per share | a. |
Answer
Incorrect |
$0.34 | $0.94 |
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Question text
Understanding
EPS Calculations
On its Form 10-K for the year ended December 31, 2015,...
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