Question: Easy Loan Company s balance sheet at December 31 2014 reports

Easy Loan Company’s balance sheet at December 31, 2014 reports the following:
Preferred stock, $ 80 par value, 6%, 11,000 shares issued ............ $ 880,000
Common stock, $ 2.50 par, 1,400,000 shares issued..................... 3,500,000
Treasury stock, common, 130,000 shares at cost ......................... 900,000
During 2014, Easy Loan earned net income of $ 6,700,000. Compute Easy Loan’s earnings per common share (EPS) for 2014. (Round EPS to two decimal places.) Assume the number of shares issued and outstanding did not change during the year.


View Solution:


Sale on SolutionInn
Sales0
Views106
Comments
  • CreatedJuly 25, 2014
  • Files Included
Post your question
5000