Homework Answers
Answer : A) $3.28
Basic EPS
Earnings Per Share = (Net Income - Preferred Dividend) / Average Common stock
Earnings Per Share = (1750-30) /525 = 3.27619 = 3.28 (Answer)
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EPS Carlson Company reported net income of $1,750 million in 2016. The weighted average number of...
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Alciatore Company reported a net income of $150,000 in 2018. The
weighted-average number of common shares outstanding for 2018 was
40,000. The average stock price for 2018 was $33. Assume an income
tax rate of 40%. Required: For each of the following independent
situations, indicate whether the effect of the security is
antidilutive for diluted EPS.
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Convertible Preferred Stock, Convertible Bonds, and EPS Francis Company has 12,000 shares of common stock outstanding...
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Alciatore Company reported a net income of $150,000 in 2018. The weighted average number of common shares outstanding f...
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: basic and diluted EPS. Basic E On a firm's income statement, you likely will see...
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EPS practice calculations (Show all calculations.) 1. Net income = $100,000 Preferred stock, 1,000 shares of...
EPS practice calculations (Show all calculations.) 1. Net income = $100,000 Preferred stock, 1,000 shares of $100 par value, 6% cumulative, nonconvertible Bonds 100, S1,000, 5% bonds each convertible to 50 shares of stock. Weighted average shares of common stock outstanding is 75,000 shares. Tax rate 21% Basic EPS- Diluted EPS - 2. Assume the same facts as above but, in addition, this company has 1,000 stock options that allow the holder to purchase a share of stock for an...
Ac313 20 Exercise 19-15 EPS; net loss; nonconvertible preferred stock; shares sold (L019-5, 19-6, 19-7) ints...
Ac313
20 Exercise 19-15 EPS; net loss; nonconvertible preferred stock; shares sold (L019-5, 19-6, 19-7) ints At December 31, 2017, Albrecht Corporation had outstanding 208.000 shares of common stock and 6,000 shares of 9.5%, $100 par value cumulative, nonconvertible preferred stock. On May 31, 2018, Albrecht sold for cash 12,000 shares of its common stock. No cash dividends were declared for 2018. For the year ended December 31, 2018, Albrecht reported a net loss of $115,000. Required: Calculate Albrecht's net...
1. 2.. On December 31, 2017, Berclair Inc. had 300 million shares of common stock and...
1.
2..
On December 31, 2017, Berclair Inc. had 300 million shares of common stock and 13 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2018, Berclair purchased 30 million shares of its common stock as treasury stock. Berclair issued a 4% common stock dividend on July 1, 2018. Four million treasury shares were sold on October 1. Net income for the year ended December 31, 2018, was $650 million. Also outstanding...
Illustration of EPS National Beverage In milions, except price Met income Preferred Dividends hesage Humber of...
Illustration of EPS National Beverage In milions, except price Met income Preferred Dividends hesage Humber of Shams Outstanding Connen Stockho ut income-Pared Dividends Average Number of Shares Outstanding Year 3 Generated $1.31 of income for every share of common stock, an increase of $0.25 per share EPS is not appropriate for comparing across companies Knowledge Check 01 A company reported net income of $9,660,000 for the year. There were 4.1 million shares of common stock outstanding at the beginning of...
3. Dulcinea Corporation had $750,000 of net income in 2019. On January 1, 2019, there were...
3. Dulcinea Corporation had $750,000 of net income in 2019. On January 1, 2019, there were 200,000 shares of common stock outstanding. On April 1, 16,000 shares were issued. On July 1, Dulcinea issued a 10% stock dividend and on September 1. Dulcinea bought 20,000 shares of treasury stock. The market price of the common stock averaged $40 during 2019. The tax rate is 40%. During 2019, there were 10.000 shares of cumulative, convertible preferred stock outstanding. The preferred is...
Alciatore Company reported a net income of $150,000 in 2018. The
weighted-average number of common shares outstanding for 2018 was
40,000. The average stock price for 2018 was $33. Assume an income
tax rate of 40%. Required: For each of the following independent
situations, indicate whether the effect of the security is
antidilutive for diluted EPS.
Alciatore Company reported a net income of $150,000 in 2018. The weighted-average number of common shares outstanding for 2018 was 40,000. The average stock...
Alciatore Company reported a net income of $150,000 in 2018. The weighted average number of common shares outstanding for 2018 was 40,000. The average stock price for 2018 was $33. Assume an income tax rate of 40%. Required: For each of the following independent situations, indicate whether the effect of the security is antidilutive for diluted EPS. 10,000 shares of 7.7% of $100 par convertible, cumulative preferred stock. Each share may be converted into two common shares. 8% convertible 10-year,...
: basic and diluted EPS. Basic E On a firm's income statement, you likely will see two entries for earnings per share (EPS): basic and diluted EPS. Basic EPS is the firm's net income available to shareholders divided by the number of shares of common stock. However, while common shares are definite claims of an owner's equity, unexercised stock options, convertible debt and preferred stock, and warrants represent potential claims on an owner's equity. If they are exercised or converted,...
EPS practice calculations (Show all calculations.) 1. Net income = $100,000 Preferred stock, 1,000 shares of $100 par value, 6% cumulative, nonconvertible Bonds 100, S1,000, 5% bonds each convertible to 50 shares of stock. Weighted average shares of common stock outstanding is 75,000 shares. Tax rate 21% Basic EPS- Diluted EPS - 2. Assume the same facts as above but, in addition, this company has 1,000 stock options that allow the holder to purchase a share of stock for an...
Ac313
20 Exercise 19-15 EPS; net loss; nonconvertible preferred stock; shares sold (L019-5, 19-6, 19-7) ints At December 31, 2017, Albrecht Corporation had outstanding 208.000 shares of common stock and 6,000 shares of 9.5%, $100 par value cumulative, nonconvertible preferred stock. On May 31, 2018, Albrecht sold for cash 12,000 shares of its common stock. No cash dividends were declared for 2018. For the year ended December 31, 2018, Albrecht reported a net loss of $115,000. Required: Calculate Albrecht's net...
1.
2..
On December 31, 2017, Berclair Inc. had 300 million shares of common stock and 13 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2018, Berclair purchased 30 million shares of its common stock as treasury stock. Berclair issued a 4% common stock dividend on July 1, 2018. Four million treasury shares were sold on October 1. Net income for the year ended December 31, 2018, was $650 million. Also outstanding...
Illustration of EPS National Beverage In milions, except price Met income Preferred Dividends hesage Humber of Shams Outstanding Connen Stockho ut income-Pared Dividends Average Number of Shares Outstanding Year 3 Generated $1.31 of income for every share of common stock, an increase of $0.25 per share EPS is not appropriate for comparing across companies Knowledge Check 01 A company reported net income of $9,660,000 for the year. There were 4.1 million shares of common stock outstanding at the beginning of...
3. Dulcinea Corporation had $750,000 of net income in 2019. On January 1, 2019, there were 200,000 shares of common stock outstanding. On April 1, 16,000 shares were issued. On July 1, Dulcinea issued a 10% stock dividend and on September 1. Dulcinea bought 20,000 shares of treasury stock. The market price of the common stock averaged $40 during 2019. The tax rate is 40%. During 2019, there were 10.000 shares of cumulative, convertible preferred stock outstanding. The preferred is...
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