Understanding EPS Calculations On its Form 10-K for the year ended December 31, 2015, Bank of America Corp. reported information related to basic earnings per share. Fill in the missing information. Rounding instruction: Round answer a. to two decimal places. Round answer b., c., & d. to the nearest million. Round answer e. to three decimal places. $ millions, except per share amounts 2015 2014 2013 Net income $16,388 $4,833 d. Answer Preferred stock dividends $1,483 b. Answer $1,349 Net income applicable to common shareholders $14,905 c. Answer $11,072 Average common shares outstanding 10,462.282 10,527.818 e. Answer Basic earnings per share a. Answer $0.38 $0.94
Understanding EPS Calculations On its Form 10-K for the year ended December 31, 2015, Bank of America Corp. reported information related to basic earnings per share. Fill in the missing information. Rounding instruction: Round answer a. to two decimal places. Round answer b., c., & d. to the nearest million. Round answer e. to three decimal places. $ millions, except per share amounts 2015 2014 2013 Net income $16,388 $4,833 d. Answer Preferred stock dividends $1,483 b. Answer $1,349 Net income applicable to common shareholders $14,905 c. Answer $11,072 Average common shares outstanding 10,462.282 10,527.818 e. Answer Basic earnings per share a. Answer $0.38 $0.94
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Understanding EPS Calculations
On its Form 10-K for the year ended December 31, 2015, Bank of America Corp. reported information related to basic earnings per share.
Fill in the missing information.
Rounding instruction:
Round answer a. to two decimal places.
Round answer b., c., & d. to the nearest million.
Round answer e. to three decimal places.
| $ millions, except per share amounts | 2015 | 2014 | 2013 | |||
|---|---|---|---|---|---|---|
| Net income | $16,388 | $4,833 | d. | Answer
|
||
| $1,483 | b. | Answer
|
$1,349 | |||
| Net income applicable to common shareholders | $14,905 | c. | Answer
|
$11,072 | ||
| Average common shares outstanding | 10,462.282 | 10,527.818 | e. | Answer
|
||
| Basic earnings per share | a. | Answer
|
$0.38 | $0.94 |
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