Question
A)Write the equation which you can use to calculate earnings per share, then b) calculate the ratio using the following numbers. No Items $ Amount
A)Write the equation which you can use to calculate earnings per share, then
b) calculate the ratio using the following numbers.
| No | Items | $ Amount |
| 1 | Income before tax | 100,000 |
| 2 | Income after tax | 80, 000 |
| 3 | Net income | 120, 000 |
| 4 | Preferred dividends | 30, 000 |
| 5 | Stock dividends | 20, 000 |
| 6 | Weighted average dividends | 15, 000 |
| 7 | Average number of shares | 50, 000 |
| 8 | Weighted average number of shares | 90, 000 |
| 9 | Weighted average number of shares outstanding | 60,000 |
| 10 | Weighted average number of shares sold | 70, 000 |
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started
Fundamental Financial Accounting Concepts
Authors: Thomas Edmonds, Christopher Edmonds
9th edition
9781259296802, 9781259296758, 78025907, 1259296806, 9781259296765, 978-0078025907
