Calculate Earnings Per Share

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Question

Hancock Company had 400,000 of common outstanding throughout year 2012 and issued another 100,000 on October 1, 2012. Net income for the year ended December 31, 2012, was $1,530,000. Hancock does not have any preferred stock outstanding. What is Hancock's 2012 basic EPS, rounded to the nearest penny?

a. $3.03

b. $3.82

c. $3.60

d. $3.40

Summary

The question belongs to Accounting and it discusses about calculation of EPS or earnings per share.

Total Word Count 29

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