Top Posters
Since Sunday
c
6
r
4
c
3
m
3
h
3
1
3
n
3
s
3
d
3
c
3
a
3
r
3
Home Q & A Board Other Fields Homework Help Business Accounting
New Topic  
Tomm Tomm
wrote...
Go to Answer
Posts: 653
Rep: 0 0
6 years ago
The statement of earnings for Bancroft Company for the year ended December 31, 2013 appears below.

Sales   $162,000
Cost of goods sold     96,000
Gross profit   66,000
Expenses   * 36,000
Net income   $ 30,000

*Includes $6,000 of interest expense and $3,200 of income tax expense.

 Additional information:
 1.   Average number of common shares outstanding in 2013 was 15,000 shares.
 2.   The market price of Bancroft's shares was $36 per share at the end of 2013
 3.   Cash dividends of $6,000 were paid; $1,200 of which were paid to preferred shareholders.
   Calculate the earnings per share for 2013.
Textbook 
Financial Accounting, Canadian Edition

Financial Accounting, Canadian Edition


Edition: 5th
Authors:
Read 81 times
1 Reply
ACC 925
Replies
Answer verified by a subject expert
TheSinTheSin
wrote...
#1
Posts: 380
Rep: 16 0
6 years ago
Sign in or Sign up in seconds to unlock everything for free
More solutions for this book are available here
1

Related Topics

Tomm Author
wrote...

6 years ago
Good timing, thanks!
asd454512
wrote...

Yesterday
Thanks
bbbbbbbh
wrote...

2 hours ago
Smart ... Thanks!
New Topic      
Quick Reply
Explore
Post your homework questions and get free online help from our incredible volunteers
  1380 People Browsing
Start New Topic Take the Tour CoursesNew Study Tools Topics Trending Browse by Textbook
Live Chat
Related Images
  
 146
  
 214
  
 375
Your Opinion
What percentage of nature vs. nurture dictates human intelligence?
Votes: 436
Previous poll results: Where do you get your textbooks?