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Understanding EPS Calculations On its Form 1 0 - K for the year ended December 3 1 , 2 0 1 5 , Bank of

Understanding EPS Calculations
On its Form 10-K for the year ended December 31,2015, Bank of America Corp. reported information related to basic earnings per share.
Fill in the missing information.
Rounding instruction:
Round answer a. to two decimal places.
Round answer b., c., & d. to the nearest million.
Round answer e. to three decimal places.
$ millions, except per share amounts 201520142013
Net income $17,287 $4,833 d. Answer
0
Preferred stock dividends $1,483 b. Answer
0
$1,349
Net income applicable to common shareholders $15,804 c. Answer
0
$9,993
Average common shares outstanding 10,462.28210,527.818 e. Answer
0
Basic earnings per share a. Answer
0
$0.34 $0.94
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