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Hampton Loan Company's balance sheet at December 31, 2018 reports the following: (Click the icon to view the information.) During 2018, Hampton Loan earned net
Hampton Loan Company's balance sheet at December 31, 2018 reports the following: (Click the icon to view the information.) During 2018, Hampton Loan earned net income of $6,500,000. Requirement 1. Calculate Hampton Loan's earnings per common share (EPS) for 2018. (Round EPS to two decimal places.) Assume the number of shares issued and outstanding did not change during the year. Select the formula and then enter the amounts to calculate earnings per share (EPS). (Abbreviations used: WA = weighted average; CS = common shares. Round EPS to two decimal places, X.XX.) Net income Preferred dividends / WA CS outstanding = EPS 6500000 1,200,000 = i Data Table - X $ 400,000 Preferred stock, $80 par value, 9%, 5,000 shares issued Common stock, $2.00 par, 1,200,000 shares issued. Treasury stock, common, 90,000 shares at cast. 2,400,000 450,000 Print Done
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