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 1 year agoRelated Solutions
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Dream Limited
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December:
2015
2014
$’000
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Assets:
Land
350
200
PPE
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Accumulated depreciation
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570
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Cash at bank
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Inventories
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