Exercise 11-16 Earnings per share LO A1 Ecker Company reports $1,375,000 of net income and declares $192,500 of cash dividends on its preferred stock for the year. At yea end, the company had 390,000 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
Exercise 11-16 Earnings per share LO A1 Ecker Company reports $1,375,000 of net income and declares $192,500 of cash dividends on its preferred stock for the year. At yea end, the company had 390,000 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
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Exercise 11-16 Earnings per share LO A1
Ecker Company reports $1,375,000 of net income and declares $192,500 of cash dividends on its preferred stock for the year. At yea
end, the company had 390,000 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
Transcribed Image Text:2. What is the company's basic EPS?
Basic Earnings per Share
Choose Numerator:
Choose Denominator:
Basic Earnings per Share
Basic earnings per share
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