The following information pertains to JAE Corp. at January 1, 2018:
Common stock, $11 par, 10,000 shares authorized, 2,000 shares issued and outstanding | $22,000 |
Paid-in capital in excess of par, common stock | 13,600 |
Retained earnings | 64,500 |
JAE Corp. completed the following transactions during 2018:
1. Issued 1,050 shares of $11 par common stock for $27 per share.
2. Repurchased 220 shares of its own common stock for $24 per share.
3. Resold 50 shares of treasury stock for $25 per share.
A. How many shares of common stock were outstanding at the end of the period?
B. How many shares of common stock had been issued at the end of the period?
Riggins Trucking, Inc., has a current stock price of $41. For the past year, the company had a net income of $5,150,000, total equity of $21,580,000, sales of $39,000,000, and 4.1 million shares of stock outstanding.
What is the earnings per share (EPS)?
Dynatech Inc. reported a net income of $779,000 and a weighted average number of common shares of 276,000 for the year. It also had 51,000, $2 preferred shares.
a. Calculate basic earnings per share assuming the preferred shares are cumulative and the dividend was not paid.
b. Calculate basic earnings per share assuming the preferred shares are noncumulative and the dividend was paid.
c. Calculate basic earnings per share assuming the preferred shares are noncumulative and the dividend was not paid.