Franklin company reports 1875000 of net income for 2009 and, Ask an Expert

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Franklin Company reports $1,875,000 of net income for 2009 and declares $262,500 of cash dividends on its preferred stock for 2009. At the end of 2009, the company had 250,000 weighted-average shares of common stock.

Requirement 1: What amount of net income is available to common stockholders for 2009? (Omit the "tiny_mce_markerquot; sign in your response.) Net income available to common stockholders $

Requirement 2: What is the company's basic EPS for 2009? (Round your answer to 2 decimal places. Omit the "tiny_mce_markerquot; sign in your response.)

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Accounting Basics, Accounting

Category:- Accounting Basics
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