Murray Company reports net income of 693000 for the year It

Murray Company reports net income of $693,000 for the year. It has no preferred stock, and its weighted-average common shares outstanding is 330,000 shares. Compute its basic earnings per share. Basic Earnings Per Share Choose Numerator: Choose Denominator: -Basic EPS Basic EPS per share

Solution

Choose Numerator / Choose Denominator = Basic EPS Net Income - Preferred Dividend / Weighted Average Common Shares = Basic EPS 6,93,000 - 0 / 3,30,000 = 2.10 per share