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Given the following information answer the three questions below. Jupiter Corporation earned net income of $90,000 this year. The company began the year with 600
Given the following information answer the three questions below.
Jupiter Corporation earned net income of $90,000 this year. The company began the year with 600 shares of common stock and issued 500 more on April 1. They issued $5,000 in preferred dividends for the year.
- What is Jupiter Corporations weighted average number of shares for the year? Shares.__________ (Input number only and use comma placement as needed.)
- What is the numerator of the EPS calculation for Jupiter Corporation?___________ [All whole dollar amounts will be with "$" and commas as needed (i.e. $12,345).]
- What is the EPS for the year for Jupiter Corporation? __________(Your answer will be rounded to two decimal places and in proper format as shown in the textbook.)
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