Understanding EPS Calculations On its Form 10-K for the year ended December 31, 2015, Bank of America Corp. reported information related to basic earnings per share. Fill in the missing information.  Rounding instruction:  Round answer a. to two decimal places. Round answer b., c., & d. to the nearest million. Round answer e. to three decimal places.   $ millions, except per share amounts   2015   2014   2013 Net income   $16,388   $4,833 d. Answer   Preferred stock dividends   $1,483 b. Answer     $1,349 Net income applicable to common shareholders   $14,905 c. Answer     $11,072 Average common shares outstanding   10,462.282   10,527.818 e. Answer   Basic earnings per share a. Answer     $0.38   $0.94

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Chapter1: Financial Statements And Business Decisions
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Understanding EPS Calculations
On its Form 10-K for the year ended December 31, 2015, Bank of America Corp. reported information related to basic earnings per share.

Fill in the missing information. 


Rounding instruction: 

Round answer a. to two decimal places.
Round answer b., c., & d. to the nearest million.
Round answer e. to three decimal places.

 

$ millions, except per share amounts   2015   2014   2013
Net income   $16,388   $4,833 d. Answer
 
Preferred stock dividends   $1,483 b. Answer
 
  $1,349
Net income applicable to common shareholders   $14,905 c. Answer
 
  $11,072
Average common shares outstanding   10,462.282   10,527.818 e. Answer
 
Basic earnings per share a. Answer
 
  $0.38   $0.94
 
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