Ecker Company reports $2,700,000 of net income for 2017 and declares $388,020 of cash dividends on its

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Ecker Company reports $2,700,000 of net income for 2017 and declares $388,020 of cash dividends on its preferred stock for 2017. At the end of 2017, the company had 678,000 weighted-average shares of common stock.
1. What amount of net income is available to common stockholders for 2017?
2. What is the company's basic EPS for 2017?
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Related Book For  book-img-for-question

Fundamental Accounting Principles

ISBN: 978-1259536359

23rd edition

Authors: John Wild, Ken Shaw, Barbara Chiappett

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