DE18-15 During 1999. Lucent Technologies had earnings per share of common stock (EPS) of $1.52. The company

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DE18-15 During 1999. Lucent Technologies had earnings per share of common stock (EPS) of $1.52. The company had no preferred stock outstanding, so there were no preferred dividends. Use the income statement (Exhibit 18-3, page 715), and the formula for EPS (page 730) to compute the number of shares of common stock that Lucent had outstanding during 1999. Keep in mind that net income is in millions of dollars. Therefore, you will need to mul- tiply the reported net income figures by 1,000,000.

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Accounting

ISBN: 9780130906991

5th Edition

Authors: Charles T. Horngren, Walter T. Harrison, Linda S. Bamber, Betsy Willis, Becky Jones

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