Question
I am trying to calculate earnings per share but I can't figure out how to calculate the outstanding shares or the weighted outstanding shares based
I am trying to calculate earnings per share but I can't figure out how to calculate the outstanding shares or the weighted outstanding shares based on the balance sheet and income statement. I am submitting the information below please help me figure out what information to pull from the information and the calculations needed to get to the earnings per share.
Additional Data: 1. The common stock recently sold at $19.50 per share. 2. Cash dividends in the amount of $15,400 were paid-out in 2013.
Liabilities and Stockholder's Equity
Current Liabilities 2013 2012
Accounts Payable $122,000 $110,000
Income Taxes Payable $23,000 $20,000
Total Curent Liabilities $145,000 $130,000
Long-term Liabilities
Bonds Payable $120,000 $80,000
Total Liabilities $265,000 $210,000
Common Stock ($5 par value) $150,000 $150,000
Retained Earnings $223,000 $200,000
Total Stockholder's Equity $373,000 $350,000
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