Compute the earnings per share of common stock for 2018 and 2017. Begin by selecting the formula
Question:
Compute the earnings per share of common stock for 2018 and 2017. Begin by selecting the formula to compute the earnings per share of common stock.
Earnings per share | = | (Net income - Preferred dividends) / Weighted average number of common shares outstanding |
Now, compute the earnings per share for 2018 and 2017.
(Round your answers to the nearest cent, $X.XX.)
2018: | |
2017: |
Banfield, Inc. | |||||
Comparative Balance Sheet | |||||
December 31, 2018 and 2017 | |||||
2018 | 2017 | 2016* | |||
Assets | |||||
Current Assets: | |||||
Cash | $90,000 | $89,000 | |||
Accounts Receivables, Net | 111,000 | 114,000 | $105,000 | ||
Merchandise Inventory | 149,000 | 162,000 | 210,000 | ||
Prepaid Expenses | 16,000 | 8,000 | |||
Total Current Assets | 366,000 | 373,000 | |||
Property, Plant, and Equipment, Net | 220,000 | 173,000 | |||
Total Assets | $586,000 | $546,000 | $600,000 | ||
Liabilities | |||||
Total Current Liabilities | $227,000 | $246,000 | |||
Long-term Liabilities | 120,000 | 97,000 | |||
Total Liabilities | 347,000 | 343,000 | |||
Stockholders' Equity | |||||
Preferred Stock, 5% | 110,000 | 110,000 | |||
Common Stockholders' Equity, no par | 129,000 | 93,000 | 88,000 | ||
Total Liabilities and Stockholders' Equity | $586,000 | $546,000 | |||
* Selected 2016 amounts |
Banfield, Inc. | ||||
Comparative Income Statement | ||||
Years Ended December 31, 2018, and 2017 | ||||
2018 | 2017 | |||
Net Sales Revenue | $464,000 | $428,000 | ||
Cost of Goods Sold | 241,000 | 218,000 | ||
Gross Profit | 223,000 | 210,000 | ||
Operating Expenses | 138,000 | 136,000 | ||
Income From Operations | 85,000 | 74,000 | ||
Interest Expense | 14,000 | 15,000 | ||
Income Before Income Tax | 71,000 | 59,000 | ||
Income Tax Expense | 20,000 | 26,000 | ||
Net Income | $51,000 | $33,000 |
Statistical Techniques in Business and Economics
ISBN: 9781260239478
18th Edition
Authors: Douglas Lind, William Marchal, Samuel Wathen