Ecker Company reports $1,325,000 of net income and declares $185,500 of cash dividends on its preferred stock for the year. At year- end, the company had 330,000 weighted-average shares of common stock. 1. What amount of net income is available to common stockholders? Net income To preferred stockholders Net income available to common stockholders

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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Ecker
Company reports $1,325,000 of net income and declares $185,500 of cash dividends on its preferred stock for the year. At year-
end, the company had 330,000 weighted-average shares of common stock.
1. What amount of net income is available to common stockholders?
Net income
To preferred stockholders
Net income available to common stockholders
2. What is the company's basic earnings per share (EPS)?
Choose Numerator:
Basic Earnings per Share
1
Choose Denominator:
=
Basic Earnings per Share
Basic earnings per share
Transcribed Image Text:Ecker Company reports $1,325,000 of net income and declares $185,500 of cash dividends on its preferred stock for the year. At year- end, the company had 330,000 weighted-average shares of common stock. 1. What amount of net income is available to common stockholders? Net income To preferred stockholders Net income available to common stockholders 2. What is the company's basic earnings per share (EPS)? Choose Numerator: Basic Earnings per Share 1 Choose Denominator: = Basic Earnings per Share Basic earnings per share
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