Answered: Net income Average number of common…

Net income Average number of common shares outstanding Average common shareholders' equity 2006 2005 2004 $445 $402 $34 135 134 13 $1,231 $964 $73

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Question

Use attachment to answer the following

You are given the following data for Good Company Inc. for 2004, 2005, and 2006 (amounts in thousands). (see attachment)

Calculate basic EPS for the three years?

Net income
Average number of common shares outstanding
Average common shareholders' equity
2006
$445
135
$1,231
2005 2004
$402
$345
134
132
$964 $735

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