Calculating earnings per share. The following information pertains to Hatchet Limited for the years ended December 31,

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Calculating earnings per share. The following information pertains to Hatchet Limited for the years ended December 31, 2012 and 2013:

Calculate the missing amounts in the above table:
a. Net income, 2012.
b. Weighted average number of shares outstanding, basic, 2012.
c. Net income, 2013.
d. Weighted average number of shares outstanding, diluted,2013.

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Financial Accounting An Introduction to Concepts, Methods and Uses

ISBN: 978-1133591023

14th edition

Authors: Roman L. Weil, Katherine Schipper, Jennifer Francis

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Question Posted: Mar 04, 2014 05:50 AM

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Calculating earnings per share. The following information pertains to Hatchet Limited for the years ended December 31,

Question:

2013 2012 Weighted Average Shares Outstanding (in millions) Diluted.-._.- Earnings Per Share 112.7 $3.02 $3.16

Step by Step Answer:

a Net income 2012 316 per share X 1127 million shares 3561 million b Wei...View the full answer

Financial Accounting An Introduction to Concepts, Methods and Uses

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