Homework Answers
Basic earnings per share = (Net Income - preferred dividend) / Average outstanding common shares
= (600-65*2)/100
= $4.70 per share
Diluted earnings per share = (Net Income + Interest net of tax) / (Average outstanding common shares + potentian common shares)
= (600+1000*10%*60%) / (100+40+13.5)
= $3.95 per share
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Information from the financial statements of Henderson-Niles Industries included the following at December 31, 2018: Common...
Information from the financial statements of Henderson-Niles Industries included the following at December 31, 2018: Common...
Information from the financial statements of Henderson-Niles Industries included the following at December 31, 2018: Common shares outstanding throughout the year Convertible preferred shares (convertible into 32 million shares of common) Convertible 10% bonds (convertible into 13.5 million shares of common) 100 million 60 million $ 900 million Henderson-Niles's net income for the year ended December 31, 2018, is $520 million. The income tax rate is 40%. Henderson- Niles paid dividends of $2 per share on its preferred stock during...
Information from the financial statements of Henderson-Niles Industries included the following at December 31, 2018: Common...
Information from the financial statements of Henderson-Niles Industries included the following at December 31, 2018: Common shares outstanding throughout the year Convertible preferred shares (convertible into 32 million shares of common) Convertible 10% bonds (convertible into 13.5 million shares of common) 100 million 60 million $ 900 million Henderson-Niles's net income for the year ended December 31, 2018, is $520 million. The income tax rate is 40%. Henderson- Niles paid dividends of $2 per share on its preferred stock during...
Information from the financial statements of Henderson-Niles Industries included the following at December 31, 2018: Common...
Information from the financial statements of Henderson-Niles Industries included the following at December 31, 2018: Common shares outstanding throughout the year 100 million Convertible preferred shares (convertible into 20 million shares of common) 70 million Convertible 10% bonds (convertible into 19.0 million shares of common) $ 2,700 million Henderson-Niles’s net income for the year ended December 31, 2018, is $940 million. The income tax rate is 40%. Henderson-Niles paid dividends of $2 per share on its preferred stock during 2018....
question 6 Information from the financial statements of Henderson-Niles Industries included the following at December 31,...
question 6
Information from the financial statements of Henderson-Niles Industries included the following at December 31, 2021: Common shares outstanding throughout the year Convertible preferred shares (convertible into 10 million shares of common) Convertible 8% bonds (convertible into 17.0 million shares of common) 100 million 30 million $2,200 million Henderson-Niles's net income for the year ended December 31, 2021, is $840 million. The income tax rate is 25%. Henderson-Niles paid dividends of $2 per share on its preferred stock during...
Information from the financial statements of Henderson-Niles Industries included the following at December 31, 2016: Common...
Information from the financial statements of Henderson-Niles Industries included the following at December 31, 2016: Common shares outstanding throughout the year 100 million Convertible preferred shares (convertible into 40 million shares of common) 75 million Convertible 10% bonds (convertible into 15.0 million shares of common) $ 1,200 million Henderson-Niles’ net income for the year ended December 31, 2016, is $640 million. The income tax rate is 40%. Henderson-Niles paid dividends of $2 per share on its preferred stock during 2016....
Information from the financial statements of Henderson-Niles Industries included the following at December 31, 2021: Common...
Information from the financial statements of Henderson-Niles Industries included the following at December 31, 2021: Common shares outstanding throughout the year 100 million Convertible preferred shares (convertible into 36 million shares of common) 60 million Convertible 8% bonds (convertible into 14.5 million shares of common) $ 1,600 million Henderson-Niles’s net income for the year ended December 31, 2021, is $740 million. The income tax rate is 25%. Henderson-Niles paid dividends of $3 per share on its preferred stock during 2021....
Information from the financial statements of Ames Fabricators, Inc., included the following: December 31 2018...
Information from the financial statements of Ames Fabricators, Inc., included the following: December 31 2018 2017 Common shares 100,000 100,000 Convertible preferred shares (convertible into 46,000 shares of common) 20,400 20,400 10% convertible bonds (convertible into 20,000 shares of common) $ 1,000,000 $ 1,000,000 Ames’s net income for the year ended December 31, 2018, is $640,000. The income tax rate is 40%. Ames paid dividends of $5 per share on its preferred stock during 2018. Required: Compute basic and...
Information from the financial statements of Ames Fabricators, Inc., included the following: December 31 2018...
Information from the financial statements of Ames Fabricators, Inc., included the following: December 31 2018 2017 Common shares 100,000 100,000 Convertible preferred shares (convertible into 46,000 shares of common) 20,400 20,400 10% convertible bonds (convertible into 20,000 shares of common) $ 1,000,000 $ 1,000,000 Ames’s net income for the year ended December 31, 2018, is $640,000. The income tax rate is 40%. Ames paid dividends of $5 per share on its preferred stock during 2018. Required: Compute basic and...
Information from the financial statements of Ames Fabricators, Inc., included the following: December 31 2018 2017...
Information from the financial statements of Ames Fabricators, Inc., included the following: December 31 2018 2017 Common shares 100,000 100,000 Convertible preferred shares (convertible into 42,000 shares of common) 18,000 18,000 106 convertible bonds (convertible into 20,000 shares of common) $1,000,000 $1,000,000 Ames's net income for the year ended December 31, 2018, is $600,000. The income tax rate is 40%. Ames paid dividends of $5 per share on its preferred stock during 2018 Required: Compute basic and diluted earnings per...
Please help. Information from the financial statements of Ames Fabricators, Inc., included the following: December 31...
Please help.
Information from the financial statements of Ames Fabricators, Inc., included the following: December 31 2018 2017 100,000 100,000 Common shares Convertible preferred shares (convertible into 42,000 shares of common) 10% convertible bonds (convertible into 20,000 shares of common) 18,000 18,000 $1,000,000 $1,000,000 Ames's net income for the year ended December 31, 2018, is $600,000. The income tax rate is 40%. Ames paid dividends of $5 per share on its preferred stock during 2018. Required: Compute basic and diluted...
Information from the financial statements of Henderson-Niles Industries included the following at December 31, 2018: Common shares outstanding throughout the year Convertible preferred shares (convertible into 32 million shares of common) Convertible 10% bonds (convertible into 13.5 million shares of common) 100 million 60 million $ 900 million Henderson-Niles's net income for the year ended December 31, 2018, is $520 million. The income tax rate is 40%. Henderson- Niles paid dividends of $2 per share on its preferred stock during...
Information from the financial statements of Henderson-Niles Industries included the following at December 31, 2018: Common shares outstanding throughout the year Convertible preferred shares (convertible into 32 million shares of common) Convertible 10% bonds (convertible into 13.5 million shares of common) 100 million 60 million $ 900 million Henderson-Niles's net income for the year ended December 31, 2018, is $520 million. The income tax rate is 40%. Henderson- Niles paid dividends of $2 per share on its preferred stock during...
question 6
Information from the financial statements of Henderson-Niles Industries included the following at December 31, 2021: Common shares outstanding throughout the year Convertible preferred shares (convertible into 10 million shares of common) Convertible 8% bonds (convertible into 17.0 million shares of common) 100 million 30 million $2,200 million Henderson-Niles's net income for the year ended December 31, 2021, is $840 million. The income tax rate is 25%. Henderson-Niles paid dividends of $2 per share on its preferred stock during...
Information from the financial statements of Ames Fabricators, Inc., included the following: December 31 2018 2017 Common shares 100,000 100,000 Convertible preferred shares (convertible into 42,000 shares of common) 18,000 18,000 106 convertible bonds (convertible into 20,000 shares of common) $1,000,000 $1,000,000 Ames's net income for the year ended December 31, 2018, is $600,000. The income tax rate is 40%. Ames paid dividends of $5 per share on its preferred stock during 2018 Required: Compute basic and diluted earnings per...
Please help.
Information from the financial statements of Ames Fabricators, Inc., included the following: December 31 2018 2017 100,000 100,000 Common shares Convertible preferred shares (convertible into 42,000 shares of common) 10% convertible bonds (convertible into 20,000 shares of common) 18,000 18,000 $1,000,000 $1,000,000 Ames's net income for the year ended December 31, 2018, is $600,000. The income tax rate is 40%. Ames paid dividends of $5 per share on its preferred stock during 2018. Required: Compute basic and diluted...
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