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Exercise 13-20 (Algo) Computing earnings per share LO A1 Ecker Company reports $1,675,000 of net Income and declares $234.500 of cash dividends on its preferred
Exercise 13-20 (Algo) Computing earnings per share LO A1 Ecker Company reports $1,675,000 of net Income and declares $234.500 of cash dividends on its preferred stock for the year. At year-end, the company had 300,000 weighted average shares of common stock. 1. What amount of net income is available to common stockholders? $ Net Income To preferred stockholders Net Income available to common stockholders 1,675,000 234.500 1,440.500 $ 2. What is the company's basic earnings per share (EPS)? Choose Numerator: et income available to common stockholders 1.440.500 Basic Lamnings per Share Choose Denominator: Weighted average outstanding ares Basic Earnings per Share Basic aming per share 0
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