New Corporation had a net income for 2016 of $79,000. News Corporation had 13,000 shares of common stock outstanding at the beginning of the year and 18,000 shares of common stock outstanding at the end of the year. There were 11,000 shares of preferred stock outstanding all year. In 2016, New Corporation declared and paid preferred dividends of $16,000.
What are New Corporation’s earnings per share?
a. $4.06
b. $4.39
c. $5.10
d. $3.50
Saguaro Corporation has total contributed capital of $840,000 and retained earnings of $427,000. It has 1,000 shares of $100 par value preferred stock with no dividends in arrears and 5,000 shares of $100 par value common stock. The preferred stock is callable at 105.
What is the book value of each share of common stock?
On January 1, 2017, Crane Corporation had 83,400 common shares outstanding. On April 1, the company issued an additional 31,200 shares. On July 1, the company repurchased and canceled 36,600 common shares. On November 1, the company issued 54,600 new shares. Cash dividends of $51,200 were paid to preferred shareholders. Net income for the year was $980,000.
Calculate the weighted average number of shares for 2017 and earnings per share (EPS).
Oracle reported the following earnings per share information in its 2008 annual report. The company has only one class of stock.
| ($ in millions) | |
| Net income | $5,521 |
| Dividends to common shareholders | $1,563 |
| Weighted average common shares outstanding | 5,133 |
| Weighted average dilutive shares from employee stock plans | 96 |
| Weighted average anti-dilutive shares from employee stock plans | 98 |
Basic earnings per share was:
A. $0.72
B. $0.77
C. $1.08
D. $1.12
E. None of the above
