Templet Corp. earned net income of $ 256 comma 500 and paid the minimum dividend to preferred stockholders for 2018. Assume that
there are no changes in common shares outstanding during 2018. Templet's books include the following figures:(Click the icon to view the figures.) Read the requirement Requirement 1. Compute Templet's EPS for the year. Select the formula, then enter the amounts to calculate the company's earnings per share for 2018.
1 answer:
Answer:
Earnings per share for 2018 is $5.5
Explanation:
Earning per share is the ratio of net earning of the business per outstanding share of the business after deducting the preferred dividend from net earning.
Net income = 256,500
preferred dividend = 30,000 x 4% = 1,200
Earning per share = ( Net Income - Preferred dividend ) / Outstanding shares
Earning per share = ( $256,500 - $1,200 ) / (48,000 common shares- 1,700 Treasury shares ) = $255,300 / 46,300 share = $5.5 per share
Data for the outstanding shares were missing, Data from attached question is used to calculate the EPS. Please find attached file.
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Answer:
estimated value = $240000
so correct option is C. 240000
Explanation:
given data
net income = $1800
rate of return = 9%
to find out
estimated value
solution
net income annual will be = net income × 12 (months)
net income annual = $1800 × 12
net income annual = $21,600
so estimated value will be
estimated value =
estimated value =
estimated value = $240000
so correct option is C. 240000