
Concept explainers
1.
Calculate the earnings per share amount that will be disclosed in 2016 annual report.
1.

Explanation of Solution
Earnings per share (EPS):
The amount of net income available to each shareholder per common share outstanding is referred to as earnings per share (EPS).
Working notes:
(1) Calculate the number of shares outstanding in common stock.
2.
Calculate the 2016 and 2017 basic earnings per share amount that will be disclosed in 2017 annual report.
2.

Explanation of Solution
Earnings per share (EPS):
The amount of net income available to each shareholder per common share outstanding is referred to as earnings per share (EPS).
Working notes:
(2) calculate the number of shares outstanding in common stock for the year 2016.
(3) calculate the number of shares outstanding in common stock for the year 2017.
3.
Calculate the 2016, 2017 and 2018 basic earnings per share amount that will be disclosed in 2018 annual report.
3.

Explanation of Solution
Earnings per share (EPS):
The amount of net income available to each shareholder per common share outstanding is referred to as earnings per share (EPS).
Working notes:
(4) calculate the number of shares outstanding in common stock for the year 2016.
(5) calculate the number of shares outstanding in common stock for the year 2017.
(6) calculate the number of shares outstanding in common stock for the year 2018.
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