Question
Calculating and Interpreting EPS Information Wells Fargo reports the following information in its 2015 Form 10-K. In millions 2015 2014 Wells Fargo net income $26,227
Calculating and Interpreting EPS Information Wells Fargo reports the following information in its 2015 Form 10-K.
| In millions | 2015 | 2014 |
|---|---|---|
| Wells Fargo net income | $26,227 | $26,390 |
| Preferred stock dividends | $1,979 | $1,791 |
| Common stock dividends | $7,400 | $6,908 |
| Average common shares outstanding | 5,136.5 | 5,237.2 |
| Diluted average common shares outstanding | 5,209.8 | 5,324.4 |
Determine Wells Fargo's basic EPS for fiscal 2015 and for fiscal 2014. Round answers to two decimal places.
| Basic EPS | |
|---|---|
| 2015 | Answer
|
| 2014 | Answer
|
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Effective Communications
Authors: Elearn
1st Edition
1138456136, 9781138456136
