Question: Exercise 11-16 Earnings per share LO A1 Ecker Company reports $2,700,000 of net income and declares $388,020 of cash dividends on its preferred stock for

Exercise 11-16 Earnings per share LO A1 Ecker Company reports $2,700,000

Exercise 11-16 Earnings per share LO A1 Ecker Company reports $2,700,000 of net income and declares $388,020 of cash dividends on its preferred stock for the year. At year-end, the company had 678,000 weighted average shares of common stock. 1. What amount of net income is available to common stockholders? Net income To preferred stockholders Net income available to common stockholders 2. What is the company's basic EPS? Basic Earnings per Share 1 Choose Denominator: Choose Numerator: Basic Earnings per Share Basic earnings per share

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