earnings per share

Financial And Managerial Accounting
15th Edition
ISBN:9781337902663
Author:WARREN, Carl S.
Publisher:WARREN, Carl S.
Chapter14: Financial Statement Analysis
Section: Chapter Questions
Problem 10BE: A company reports the following: Determine (a) the return on stockholders equity and (b) the return...
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Assume that all balance sheet amounts for Mary Inc. represent average balance figures.

Stockholders’ equity—common                                     $360,000

Total stockholders’ equity                                                800,000

Sales revenue                                                                  400,000

Net income                                                                         76,000

Number of shares of common stock                                 40,000

Common stock dividends                                                  24,000

Preferred stock dividends                                                    4,000

What is the earnings per share for Mary Inc.?

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