Accounting: What the Numbers Mean
Accounting: What the Numbers Mean
11th Edition
ISBN: 9781259535314
Author: David Marshall, Wayne William McManus, Daniel Viele
Publisher: McGraw-Hill Education
Question
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Chapter 9, Problem 9.13E
To determine

Concept Introduction:

Earnings Per Share(EPS) measures the profitability of the company on per share basis. The term basic earnings per share is calculated by dividing net income (excluding any preference dividends) by weighted average number of outstanding common shares during the year.

The basic earnings per share of common stock for year ended December 31, 2016.

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