Question
Kelley Company reports $1,375,000 of net income and declares $192,500 of cash dividends on its preferred stock for the year. At year-end, the company had
Kelley Company reports $1,375,000 of net income and declares $192,500 of cash dividends on its preferred stock for the year. At year-end, the company had 370,000 weighted-average shares of common stock.
- What is the companys basic earnings per share (EPS)?
- In the prior year, Kelley had a basic earnings per share (EPS) of $3.00. Did Kelly improve its earnings per share (EPS) in the current year?
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Authors: Tom Litton, Poppy Behrens, Erica Shatzer, George Bernal
1st Edition
0977157814, 978-0977157815
