Understanding EPS Calculations:  On its Form 10-K, for December 31, 20X5, Bank of America reported information related to basic earnings per share.  Fill in the missing information based on the table below. $ millions, except per share amounts 20X5 20X4 20X3 Net Income $15,888 $4,833 D Preferred Stock Dividends $1,483 B $1,349 Net Income Applicable to Common Shareholders $14,405 C $10,082 Average Common Shares Outstanding 10,462,282 10,527,818 E Basic Earnings per Share (EPS) A $0.36 $0.94

Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 54E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...
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  1. Understanding EPS Calculations:  On its Form 10-K, for December 31, 20X5, Bank of America reported information related to basic earnings per share.  Fill in the missing information based on the table below.

$ millions, except per share amounts

20X5

20X4

20X3

Net Income

$15,888

$4,833

D

Preferred Stock Dividends

$1,483

B

$1,349

Net Income Applicable to Common Shareholders

$14,405

C

$10,082

Average Common Shares Outstanding

10,462,282

10,527,818

E

Basic Earnings per Share (EPS)

A

$0.36

$0.94

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