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Weighted average common shares outstanding
I am trying to compute the weighted average common shares outstanding from
This information: KERSENBROCK CORPORATION Balance Sheets December 31 2009 2008 2007 Cash $ 25,000 $ 20,000 $ 18,000 Receivables (net) 50,000 45,000 48,000 Other current assets 90,000 95,000 64,000 Investments 75,000 70,000 45,000 Plant and equipment (net) 400,000 370,000 358,000 $640,000 $600,000 $533,000 Current liabilities $ 75,000 $ 80,000 $ 70,000 Long-term debt 80,000 85,000 50,000 Common stock, $10 par 340,000 310,000 300,000 Retained earnings 145,000 125,000 113,000 $640,000 $600,000 $533,000 KERSENBROCK CORPORATION Income Statement For the Year Ended December 31 2009 2008 Sales $740,000 $700,000 Less: Sales returns and allowances 40,000 50,000 Net sales 700,000 650,000 Cost of goods sold 420,000 400,000 Gross profit 280,000 250,000 Operating expenses (including income taxes) 235,000 220,000 Net income $ 45,000 $ 30,000 Additional information: 1. The market price of Kersenbrock's common stock was $4.00, $5.00, and $8.00 for 2007, 2008, and 2009, respectively. 2. All dividends were paid in cash. |
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