Kinley Inc. provides the following information for the year 2016: Net Income $225,000 Market Price per Share of Common Stock $50 per share Dividends Paid $50,000 Common Stock Outstanding on Jan. 1, 2016 120,000 shares Common Stock Outstanding on Dec. 31, 2016 210,000 shares The company has NO preferred stock outstanding. Calculate the Earnings Per Share for the year 2016.
Kinley Inc. provides the following information for the year 2016: Net Income $225,000 Market Price per Share of Common Stock $50 per share Dividends Paid $50,000 Common Stock Outstanding on Jan. 1, 2016 120,000 shares Common Stock Outstanding on Dec. 31, 2016 210,000 shares The company has NO preferred stock outstanding. Calculate the Earnings Per Share for the year 2016.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Kinley Inc. provides the following information for the year 2016:
Net Income $225,000
Market Price per Share of Common Stock $50 per share
Dividends Paid $50,000
Common Stock Outstanding on Jan. 1, 2016 120,000 shares
Common Stock Outstanding on Dec. 31, 2016 210,000 shares
The company has NO
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Do i divide the net income by both common stocks?
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