Dean Company had an average number of shares of common stock outstanding of 200,000 in 1998 and

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Dean Company had an average number of shares of common stock outstanding of 200,000 in 1998 and 215,000 in 1999. Net income for these two years was as follows:

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a. Calculate EPS for the years ended December 31, 1998, and 1999.

b. What might the resulting figures tell a stockholder or a potential investor?

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Financial Accounting A Business Perspective

ISBN: 9780072289985

7th Edition

Authors: Roger H. Hermanson, James Don Edwards

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