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Calculate earnings per share based on this information. The far right is the totals on the income statement. I know earnings per share is net
Calculate earnings per share based on this information. The far right is the totals on the income statement.
I know earnings per share is net income-preferred dividends/common shares outstanding. But how do I calculate with this information? I am just looking for guidance.
1925 L M D E F G H 4,750 G 55,000 90,000 45,000 K 4,750 55,000 90,000 45,000 15,000 15,000 378,900 378,900 385,000 382,000 385,000 3,000 H B B C Salaries and Wages Payable Mortgage Payable Common Stock ($1 par) Paid in Capital in Excess of par-CS Dividends Retained Earnings Income Summary Sales Revenue Supplies Expense Salaries and Wages Expense Maint, and Repairs Expense Advertising Expense Depreciation Expense Bad Debt Expense Utilities Expense Rent Expense Insurance Expense Interest Expense Totals 13,800 4,750 G 3,500 82,500 24,300 13,500 E A 17,300 87,250 24,300 13,500 13,200 2,350 13,350 26,100 24,500 5,525 1,131,075 F 12,300 18,600 13,200 2,350 1,050 7,500 24,500 1,925 72,075 17,300 87,250 24,300 13,500 13,200 2,350 13,350 26,100 24,500 5,525 227,375 157,625 385,000 D C 3,600 1,107,800 1,107,800 72,075 1,131,075 385,000 Net Income Totals 1Step by Step Solution
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