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Years Ended December 31, 2024 and 2023
2024
2023
Net Sales Revenue
$464,000
$424,000
Cost of Goods Sold
239,000
216,000
Gross Profit
225,000
208,000
Operating Expenses
136,000
134,000
Income From Operations
89,000
74,000
Interest Expense
9,000
14,000
Income Before Income Tax
80,000
60,000
Income Tax Expense
19,000
26,000
Net Income
$61,000
$34,000
December 31, 2024 and 2023
2024
2023
2022*
Assets
Current Assets:
Cash
$90,000
$88,000
Accounts Receivables, Net
110,000
119,000
$103,000
Merchandise Inventory
146,000
166,000
210,000
Prepaid Expenses
12,000
7,000
Total Current Assets
358,000
380,000
Property, Plant, and Equipment, Net
217,000
182,000
Total Assets
$575,000
$562,000
$601,000
Liabilities
Total Current Liabilities
$224,000
$247,000
Long-term Liabilities
117,000
93,000
Total Liabilities
341,000
340,000
Stockholders' Equity
Preferred Stock, 3%
106,000
106,000
Common Stockholders' Equity, no par
128,000
116,000
95,000
Total Liabilities and Stockholders' Equity
$575,000
$562,000
Compute the earnings per share of common stock for
2024
and
2023.
Begin by selecting the formula to compute the earnings per share of common stock.
| Earnings per share | = | (Net income - Preferred dividends) Weighted average number of common shares outstanding |
please have an explanation on how to solve Weighted average number of common shares outstanding
Answer & Explanation
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