Homework Answers
| Numerator | / | Denominator | = | Earnings per share | |
| Basic EPS | $147 | / | 53 | = | 2.77 |
| Diluted EPS | $147 | / | 54 | = | 2 .72 |
Net income =$147 million
For basic no. Of shares = 50 million shares on 2nd jan+ 4(9/12) new share =53 million shares
For Diluted no. of shares = 50 million shares on 2nd Jan + 4(9/12) new shares + 1 additional shares = 54 million shares
Note: Because the conditions are met for issuing 1 million shares, those shares are assumed issued for Diluted EPS. Conditions for other 1 million shares are not yet met. So, as they are ignored.
____×____
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