2.

On December 31, 2015, Ainsworth, Inc., had 500 million shares of common stock outstanding. Twenty three million shares of 7%, $100 par value cumulative, nonconvertible preferred stock were sold on January 2, 2016. On April 30, 2016, Ainsworth purchased 50 million shares of its common stock as treasury stock. Twenty million treasury shares were sold on August 31. Ainsworth issued a 4% common stock dividend on June 12, 2016. No cash dividends were declared in 2016. For the year ended December 31, 2016, Ainsworth reported a net loss of $155 million, including an after-tax loss from discontinued operations of $430 million.

1.

Compute Ainsworth's net loss per share for the year ended December 31, 2016. (Round your intermediate calculations to 2 decimal places. Negative amounts should be indicated by a minus sign. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).)

Numerator	/	Denominator	=	Net Loss Per Share

2.

Compute the per share amount of income or loss from continuing operations for the year ended December 31, 2016. (Round your intermediate calculations to 2 decimal places. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).)

Numerator	/	Denominator	=	Income/Loss from Continuing Operations per Share
			=

3.

Prepare an EPS presentation that would be appropriate to appear on Ainsworth's 2016 and 2015 comparative income statements. Assume EPS was reported in 2015 as $0.80, based on net income (no discontinued operations) of $400 million and a weighted-average number of common shares of 500 million. (Round your answers to 2 decimal places. Loss amounts should be indicated with a minus sign.)

AINSWORTH, INC.
2016 and 2015 Comparative Income Statement
	2016	2015
Earnings (Loss) Per Common Share:
Income from continuing operations
Loss from discontinued operations
Net income (loss)