Homework Answers
| Answer | |
| basic EPS = Net income available for common stockholder/weighted average no of common stock outstanding | |
| ($ 7,31,000/ 65,000) | 11.25 |
| Working Note | |
| net income | $ 7,31,000 |
| weighted no of common stock outstanding (60000*12/12 + 15000*4/12) | 65,000 |
| stock option | |
| Incremental shares = 12000 - (12000*20.50/24.6) | 2,000 |
| diluted EPS = $,731,000/(65000+2000) | 10.91 |
| Please Like ( Positive rating ) | |
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Stanley Department Stores reported net income of $731,000 for the year ended December 31, 2018 Additional...
6 Stanley Department Stores reported net income of $755,000 for the year ended December 31, 2018....
6 Stanley Department Stores reported net income of $755,000 for the year ended December 31, 2018. Additional Information: 0.5 points 75,000 12,000 eBook Common shares outstanding at Jan. 1, 2018 Incentive stock options (vested in 2017) outstanding throughout 2018 (Each option is exercisable for one common share at an exercise price of $22.00) During the year, the market price of Stanley's common stock averaged $26.4 per share. On Aug. 30 Stanley sold 15,000 common shares. Stanley's only debt consisted of...
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Stanley Department Stores reported net income of $815,000 for the year ended December 31, 2018. Additional Information: Common shares outstanding at Jan. 1, 2018 105,000 Incentive stock options (vested in 2017) outstanding throughout 2018 24,000 (Each option is exercisable for one common share at an exercise price of $24.50) During the year, the market price of Stanley’s common stock averaged $29.4 per share. On Aug. 30 Stanley sold 15,000 common shares. Stanley’s only debt consisted of $39,000 of 10% short...
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6 Stanley Department Stores reported net income of $755,000 for the year ended December 31, 2018. Additional Information: 0.5 points 75,000 12,000 eBook Common shares outstanding at Jan. 1, 2018 Incentive stock options (vested in 2017) outstanding throughout 2018 (Each option is exercisable for one common share at an exercise price of $22.00) During the year, the market price of Stanley's common stock averaged $26.4 per share. On Aug. 30 Stanley sold 15,000 common shares. Stanley's only debt consisted of...
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