Answered step by step
Verified Expert Solution
Question
1 Approved Answer
Oracle reported the following earnings per share information in its 2013 annual report filed on Form 10-K (in millions except per share data). The company
Oracle reported the following earnings per share information in its 2013 annual report filed on Form 10-K (in millions except per share data). The company has only one class of stock outstanding. Compute basic and diluted earnings per share.
| Net income | $10,925 |
| Dividends to common shareholders | $1,433 |
| Weighted average common shares outstanding | 4,769 |
| Dilutive effect of employee stock plans | 75 |
| Diluted weighted average common shares outstanding | 4,844 |
Answer:
Basic EPS = $ / = $ = $
Diluted EPS = $ / = $ = $
|
|
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started