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Compute basic and diluted earnings per share

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Reference no: EM13495951

Information from the financial statements of Henderson-Niles Industries included the following at December 31, 2011:

Henderson-Niles' net income for the year ended December 31, 2011, is $520 million. The income tax rate is 35%. Henderson-Niles paid dividends of $1 per share on its preferred stock during 2011.

Required:
Compute basic and diluted earnings per share for the year ended December 31, 2011.

 

Reference no: EM13495951

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