Question
In: Finance
Understanding EPS Calculations On its Form 10-K for the year ended December 31, 2015, Bank of...
Understanding EPS Calculations
On its Form 10-K for the year ended December 31, 2015, Bank of
America Corp. reported information related to basic earnings per
share.
Fill in the missing information.
Rounding instruction:
Round answer a. to two decimal places.
Round answer b., c., & d. to the nearest million.
Round answer e. to three decimal places.
| $ millions, except per share amounts | 2015 | 2014 | 2013 | |||
|---|---|---|---|---|---|---|
| Net income | $16,388 | $4,833 | d. | $Answer | ||
| Preferred stock dividends | $1,483 | b. | $Answer | $1,349 | ||
| Net income applicable to common shareholders | $14,905 | c. | $Answer | $11,072 | ||
| Average common shares outstanding | 10,462.282 | 10,527.818 | e. | Answer | ||
| Basic earnings per share | a. | $Answer | $0.38 | $0.94 |
Solutions
jeff jeffy answered 2 years agoRelated Solutions
BTN 10-5 Access The YAHOO (ticket:YHOO) 10-K report for the year ended December 31, 2015, filed...
BTN 10-5 Access The YAHOO (ticket:YHOO) 10-K report for the year
ended December 31, 2015, filed on Febrausry 29, 2016 at
SEC.gov.
Discuss th following:
What is good will and how is it calculated?
what amount of goodwill is reported on YAHOO's balance
sheet?
What percentge of total assets does its goodwill represent? Is
goodwill a major asset for YAHOO? explain
Visit the EDGAR database. Access the 10-K report for the year ended December 31, 2017, filed...
Visit the EDGAR database. Access the 10-K report for the year
ended December 31, 2017, filed on February 23, 2018. Any sources
used to support your answers below should be cited using APA
Style.
To access this information:
Search SEC.gov Company Filings for McDonald's by entering the
ticker information, MCD , in the Fast Search box
After reviewing the above information, answer the following
questions:
Review McDonald's balance sheet and identify how many classes
of stock it has issued.
What...
Visit the EDGAR database. Access the 10-K report for the year ended December 31, 2017, filed...
Visit the EDGAR database. Access the 10-K report for the year ended
December 31, 2017, filed on February 23, 2018.
To access this information:
Search SEC.gov Company Filings for McDonald's by entering the
ticket information, MCD in the Fast Search box
After reviewing the information, answer the following
questions:
1) Review McDonald's balance sheet and identify how many
classes of stock it has issued
2) What are the par values, number of authorized shares, and
issued shares of the classes...
Access the April 14, 2016, filing of the 10-K report (for year ending December 31, 2015)...
Access the April 14, 2016, filing of the 10-K report (for year
ending December 31, 2015) of Mendocino Brewing Company,
Inc. (ticker: MENB) at SEC. gov.
Required
Does Mendocino Brewing use the direct or indirect method to
construct its consolidated statement of cash flows?
For the year ended December 31, 2015, what is the largest item
in reconciling the net income (or loss) to net cash provided by
operating activities?
In the recent two years, has the company been more...
Smith Corporation is reviewing the following transactions for its year-ended December 31, 2015. For each item...
Smith Corporation is reviewing the
following transactions for its year-ended December 31, 2015.
For each item listed, indicate the:
A. Name of the account to use.
B. Whether it is current or long-term, asset or liability.
C. The amount.
1. On December 15, 2015 the company declared a $2.00 per share
dividend on 40,000 shares of
common stock outstanding, to be paid on
January 5, 2013
2. Credit sales for year amounted to $10,000,000.
Smith estimates its Allowance...
Smith Corporation is reviewing the following transactions for its year-ended December 31, 2015. Determine the proper...
Smith Corporation is reviewing the following transactions for
its year-ended December 31, 2015. Determine the proper balance
sheet presentation and amounts for each item:
Indicate the:
Name of the account to use.
Whether it is current or long-term, asset or liability.
The amount.
Show computations where necessary. If you could copy and paste
each line item, and then give your answer, that would be
superior.
On December 15, 2015 the company declared a $2.50 per share
dividend on 400,000 shares...
96. The Dunlop Corporation reported basic EPS of $3.50 for the year ended December 31, 2018;...
96. The Dunlop Corporation reported basic EPS of $3.50 for the
year ended December 31, 2018; the denominator used in the basic EPS
calculation was 360,000 shares. Dunlop’s marginal income tax rate
is 40%. Dunlap had the following convertible securities outstanding
during the entire year:
8% convertible preferred stock with a total par value of
$1,000,000; the preferred stock is convertible into 22,000 shares
of common stock.
10% convertible bonds with a total par value of $6,000,000; the
convertible bonds...
The Statements of Financial Position of Dream Limited for the year ended 31 December 2015 are...
The Statements of Financial Position
of Dream Limited for the year ended 31 December 2015 are provided
below:
Dream Limited
Statement of Financial Position as at 31
December:
2015
2014
$’000
$’000
Assets:
Land
350
200
PPE
950
510
Accumulated depreciation
(380)
(240)
570
270
Cash at bank
20
-
Inventories
110
200
Accounts receivable
200
180
Total
1,250
850
Liabilities:
Accounts payable
160
210
Bank overdraft
0
20
Salary payable
40
20
Tax payable
80
60
Dividends Payable
50...
The information that follows is for Nancy’s Name Tents for the year ended December 31, 2015...
The information that follows is for Nancy’s Name Tents for the
year ended December 31, 2015 and
covers questions 26-31. All per unit costs below are based on
the production and sale of 3,000 name tents.
The relevant range is from 0 - 3,500 units.
Sales
$50 sales price per name tent
Costs:
Variable
Costs
Per Tent (3,000 name tents produced and sold)
Direct materials
8
Direct
labor
7
Manufacturing
overhead
...
Retrieve the Form 10-K for Papa John’s International for the year ending December 31, 2017. Papa...
Retrieve the Form 10-K for Papa John’s International for the
year ending December 31, 2017. Papa John’s Form 10-K can be
accessed through the SEC EDGAR database at
https://www.sec.gov/Archives/edgar/data/901491/000155837018001176/pzza-20171231x10k.htm#Item2Properties_626380
Hints: You will need to search the financial statement footnotes
to find some of the information. Also, the financial statements are
in thousands, except for per share amounts. If a number is in
thousands, please indicate this by writing out the full number or
writing ‘(in thousands)’. Furthermore, you will not...
ADVERTISEMENT
ADVERTISEMENT
Latest Questions
- A company orders every 8 weeks. 52 weeks/8 weeks per order = 6.5 orders per year....
- Soto Inc. had the following utility cost with the related activity levels for the previous months....
- What is covariation between two variables? How is "covariation" (or correlation) between two variables different from...
- Question 1: What is For Loop? Explain with 2 Examples. You can write code in any...
- If a corporation has limited capital to use for project investment, but it has more projects...
- I have a problem with my code. It does not run. Please can someone check the...
- As discussed in the text, in the absence of market imperfections and tax effects, we would...
ADVERTISEMENT