Part-a |
Diluted EPS= Adjusted Income/ Adjusted Outstanding shares |
=$54300/10584=$5.13 per Share |
* Adjusted Outstanding shares = 9900+( (25-6)/25 )X900= 10584 Shares |
Part-b |
Diluted EPS= Adjusted Income/ Adjusted Outstanding shares |
=$54300/10071=$5.39 per Share |
* Adjusted Outstanding shares = 9900+(( (25-6)/25 )X900X3/12)= 10071 Shares |
Grouper Company's net income for 2017 is $54,300. The only potentially dilutive securities outstanding were 900...
Grouper Company’s net income for 2017 is $45,100. The only
potentially dilutive securities outstanding were 1,000 options
issued during 2016, each exercisable for one share at $6. None has
been exercised, and 10,400 shares of common were outstanding during
2017. The average market price of Grouper’s stock during 2017 was
$20.
(a) Compute diluted earnings per share.
(Round answer to 2 decimal places, e.g.
$2.55.)
Diluted earnings per
share
$
(b) Assume the same facts as those assumed for
part...
Novak Company’s net income for 2017 is $53,400. The only
potentially dilutive securities outstanding were 1,100 options
issued during 2016, each exercisable for one share at $6. None has
been exercised, and 10,300 shares of common were outstanding during
2017. The average market price of Novak’s stock during 2017 was
$20.
(a) Compute diluted earnings per share.
(Round answer to 2 decimal places, e.g.
$2.55.)
Diluted earnings per share
$
(b) Assume the same facts as those assumed for
part...
Culver Company's net income for 2020 is $47,100. The only potentially dilutive securities outstanding were 1,000 options issued during 2019, each exercisable for one share at $6. None has been exercised, and 9,700 shares of common were outstanding during 2020. The average market price of Culver's stock during 2020 was $15. (a) Compute diluted earnings per share. (Round answer to 2 decimal places, e.g. $2.55.) Diluted earnings per share $ (b) Assume the same facts as those assumed for part...
Indigo Company's net income for 2020 is $52,300. The only potentially dilutive securities outstanding were 1,200 options issued during 2019, each exercisable for one share at $6. None has been exercised, and 9,300 shares of common were outstanding during 2020. The average market price of Indigo's stock during 2020 was $20. (a) Compute diluted earnings per share. (Round answer to 2 decimal places, e.g. $2.55.) Diluted earnings per share $ (b) Assume the same facts as those assumed for part...
Skysong Company’s net income for 2020 is $48,500. The only
potentially dilutive securities outstanding were 1,100 options
issued during 2019, each exercisable for one share at $6. None has
been exercised, and 10,200 shares of common were outstanding during
2020. The average market price of Skysong’s stock during 2020 was
$25.
(a) Compute diluted earnings per share.
(Round answer to 2 decimal places, e.g.
$2.55.)
Diluted earnings per
share
$
(b) Assume the same facts as those assumed for
part...
Buffalo Company’s net income for 2020 is $53,400. The only potentially dilutive securities outstanding were 800 options issued during 2019, each exercisable for one share at $6. None has been exercised, and 10,300 shares of common were outstanding during 2020. The average market price of Buffalo’s stock during 2020 was $25. (a) Compute diluted earnings per share. (Round answer to 2 decimal places, e.g. $2.55.) Diluted earnings per share $ (b) Assume the same facts as those assumed for part...
Marin Company’s net income for 2020 is $54,900. The only potentially dilutive securities outstanding were 800 options issued during 2019, each exercisable for one share at $6. None has been exercised, and 10,200 shares of common were outstanding during 2020. The average market price of Marin’s stock during 2020 was $25. (b) Assume the same facts as those assumed for part (a), except that the 800 options were issued on October 1, 2020 (rather than in 2019). The average market...
Exercise 16-26
Headland Company’s net income for 2020 is $49,300. The only
potentially dilutive securities outstanding were 1,200 options
issued during 2019, each exercisable for one share at $6. None has
been exercised, and 9,300 shares of common were outstanding during
2020. The average market price of Headland’s stock during 2020 was
$18.
(a) Compute diluted earnings per share.
(Round answer to 2 decimal places, e.g.
$2.55.)
Diluted earnings per share
$
(b) Assume the same facts as those assumed...
Current Attempt in Progress Sheridan Company's net income for 2020 is $47,100. The only potentially dilutive securities outstanding were 1,000 options issued during 2019, each exerclsable for one share at $6. None has been exercised, and 9,700 shares of common were outstanding during 2020. The average market price of Sheridan's stock during 2020 was $15 (a) Compute diluted earnings per share. (Round answer to 2 decimal places, eg. $255. $ Diluted earnings per share (b) Assume the same facts as...
(EPS with Options, Various Situations) Venezuela Company's net income for 2020 is $50,000. The only potentially dilutive securities outstanding were 1,000 options issued during 2019, each exercisable for one share at $6. None has been exercised, and 10,000 shares of common were outstanding during 2020. The average market price of Venezuela's stock during 2020 was $20. Question: (a)Compute diluted earnings per share. (Round to nearest cent.) Assume the same facts as (a) except that the exercise price is $60/share and...