Homework Answers
1. Basic EPS =1.25
Diluted EPS =1.30
2. Basic EPS =1.25
Diluted EPS =1.27
3. Basic EPS =1.25
Diluted EPS =1.34
Workings
| Basic EPS | Dilute EPS | ||
|
Net Income |
100000 | 100000 | |
| Less Preferred Income | 6000 | ||
| Post tax interest | 3950 | ||
| 94000 | 103950 | ||
| Weighted no of shares | 75000 | 75000 | |
| Addiutional shares if any converted | |||
| Additional shares if any debt converted | 5000 | ||
| 75000 | 80000 | ||
| EPS | 1.25 | 1.30 | |
| Basic EPS | Dilute EPS | ||
|
Net Income |
100000 | 100000 | |
| Less Preferred Income | 6000 | ||
| Post tax interest | 3950 | ||
| 94000 | 103950 | ||
| Weighted no of shares | 75000 | 75000 | |
| Addiutional shares if any converted | |||
| Additional shares if any debt converted | 5000 | ||
| Additional stock | 2000 | ||
| 75000 | 82000 | ||
| EPS | 1.25 | 1.27 | |
| Basic EPS | Dilute EPS | ||
|
Net Income |
100000 | 100000 | |
| Less Preferred Income | 6000 | ||
| Post tax interest | 3950 | ||
| 94000 | 103950 | ||
| Weighted no of shares | 75000 | 75000 | |
| Addiutional shares if any converted | |||
| Additional shares if any debt converted | 5000 | ||
| Additional stock | -2500 | ||
| 75000 | 77500 | ||
| EPS | 1.25 | 1.34 |
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