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 amounts201520142013Net income$15,888$4,833d.$Answer

Preferred stock dividends$1,483b.$Answer

$1,349Net income applicable to common shareholders$14,405c.$Answer

$10,082Average common shares outstanding10,462.28210,527.818e.Answer

Basic earnings per sharea.$Answer

$0.36$0.94