Question

Information from the financial statements of Ames Fabricators, Inc., included the following:

Ames's net income for the year ended December 31, 2011, is $500,000. The income tax rate is 40%. Ames paid dividends of $5 per share on its preferred stock during 2011.

Required:
Compute basic and diluted earnings per share for the year ended December 31, 2011.



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  • CreatedJuly 11, 2013
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