At December 31, 2008, Amad Company had 600,000 shares of common stock issued and outstanding, 400,000 of which had been issued and outstanding throughout the year and 200,000 of which were issued on October 1, 2008. Net income for 2008 was 3,000,000 , and dividends declared on preferred stock were $400,00 . Compute Amad’s earnings per common share. (Round to the nearest penny.)
The income statement for Monkey, Co. shows income before income taxes $400,000, income tax expense $120,000, and net income $280,000. If Monkey has 100,000 shares of common stock outstanding throughout the year, earnings per share is:
a. $4.00.
b. $2.80.
c. $1.20.
d. $1.00.
Provide the EPS formula and what statement discloses this information?
Franklin Life Insurance Company reported:
| Net income | $5,000 |
| Cash | $15,000 |
| Total cash dividends | $1,300 (preferred stock of $500 and common stock at $800) |
| Net cash from operating activities | $7,000 |
Common shares outstanding at the beginning and end of 2017 of $8,000 and $10,000, respectively.
Compute Earnings Per Share.
a. $0.55
b. $0.45
c. $0.25
d. $0.50
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