Exercise 11-12 Earnings per share LO A1 Ecker Company reports $1,850,000 of net

Question

Exercise 11-12 Earnings per share LO A1 Ecker Company reports $1,850,000 of net income for 2015 and declares $259,000 of cash dividends on its preferred stock for 2015. At the end of 2015, the company had 370,000 weighted-average shares of common stock. 1. What amount of net income is available to common stockholders for 2015? Net income To preferred stockholders Net income available to common stockholders 2. What is the company's basic EPS for 2015? Basic Earnings per Share Basic Earnings per Share Basic earnings per share Choose Numerator: Choose Denominator:

Explanation / Answer

1) Net income available for common stockholders

Basic earning per share :

Net income 1850000 To preferred shareholder 259000 Net income available to common stockholders 1591000

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