BIM corporation had net income for 2016 of $39,000. BIM had 13,000 shares of com

Question

BIM corporation had net income for 2016 of $39,000. BIM had 13,000 shares of common stock outstanding as of December 31, 2016. During the year, BIM declared and paid preferred dividends of $12,400. Compute BIM'S EARNINGS PER SHARE

BIM Corporation had net income for 2016 of $39,000. BIM had 13,000 shares of common stock outstanding at the beginning of the year and common stock oustanding as of December 31, 2016. During the yea, BIM declared and paid prefered dividends of 12,400 Compute BI'aings per share Select the formula, then enter the amounts to calculate BIM Corporation's earnings per share as of December 31, 2016. (Abbreviations used. Ave. average, O outstanding, SE stockholders' equity, shrs shares. Round earnings per share to the nearest cent) Earnings per share

Explanation / Answer

(Net Income-Prefered dividend)/Avg no. of equity shares=Earning per share (39000-12400)/13000=20.05

Related Questions

Navigate

• Browse (All)
• Browse B
• Subjects

---

---

Integrity-first tutoring: explanations and feedback only — we do not complete graded work. Learn more.