Assume the following information about a corporation: &n
Assume the following information about a corporation:
Years Ended October 31,
2011 2012 2013 2014
Earnings available to common $2236 $4018 $8458 $3763
Average C/S outstanding 4752 5023 3383 3330
EPS $ 0.50 $ 0.80 $ 2.50 $ 1.13
In late December 2012, the corporation bought back 1,237 shares of common stock for $11,750
What would EPS have been in 2013 and 2014 had the company not repurchased its common shares? Assume the stock buyback occurred on December 31, 2012. Year end is October 31 yearly.
Homework Answers
EPS in 2013 & 2014
| 2013 | 2014 | |
| Earnings available to common (a) | 8458 | 3763 |
| Average C/S outstanding (b) | 2146 | 2093 |
| EPS (a/b) | 3.94 | 1.80 |
EPS is determined by Earning available to common stock / Outstanding common stock.
The buyback have no impact on earning so earning of 2013 & 2014 will remain same.
While number of outstanding stock will get reduced by buyback so 1237 shares is reduced from both year and then applied the formula to get the updated EPS which is 3.94 for 2013 & 1.80 for 2014.
The Mayfair Corporation went public on January 1, 2012, with an initial public offering of 10,000,000...
The Mayfair Corporation went public on January 1, 2012, with an initial public offering of 10,000,000 common shares, $6 par value, at a market price of $18 per share. Since then, the following equity transactions had occurred: In 2013, a 10% stock dividend was issued. At the time, the Mayfair common shares were trading at $36 per share. In 2014, a 3-for-1 forward stock split was executed. At the time, the Mayfair common shares were trading at $72 per share....
chart Corporation had both common stock and preferred stock outstanding from 2012 through 2014. Information about...
chart Corporation had both common stock and preferred stock outstanding from 2012 through 2014. Information about cach stock for the three years follows. Type Preferred Common Par Value 100 20 Shares Outstanding 40,000 600,000 Other 7% cumulative The company paid $140,000, s800,000, and $1,100,000 in dividends for 2012 through 2014, respectively. The market price per common share was $15 and $17 per share at the end of years 2013 and 2014, respectively. REQUIRED 1. Determine the dividends per share and...
I need help with 10 O ST I N # 10-under its executive Skok option plan...
I need help with 10
O ST I N # 10-under its executive Skok option plan Natina Corporation granted pei to parchase 15 million of the company's S1 par common shares within the mext eight years, but not before December 31, 2017 s onianuary ?2013,thu pent date). The exercise price is the market price of the shares on the date of grant, $32 per share. The fair value of the options (the vesting estimated by an appropriate option pricing model,...
On December 31, 2017, Berclair Inc. had 540 million shares of common stock and 4 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2018, Berclair pur...
On December 31, 2017, Berclair Inc. had 540 million shares of common stock and 4 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2018, Berclair purchased 24 million shares of its common stock as treasury stock. Berclair issued a 5% 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 $900 million. The income tax rate...
Weighted Average Shares Jumbo Corporation reported the following information about its stock on its December 31,...
Weighted Average Shares Jumbo Corporation reported the following information about its stock on its December 31, 2018, balance sheet: Preferred stock, $100 par value, 6% cumulative, 30,000 shares authorized 1,000 shares issued and outstanding $100,000 Common stock, $10 par value, 150,000 shares authorized 50,000 shares issued and outstanding 500,000 Jumbo Corporation engaged in the following stock transactions during 2019: Mar. 1 Issued 10,000 shares of common stock for cash. Apr. 1 Purchased 2,000 shares of common stock as treasury stock....
On December 31, 2017, Berclair Inc. had 220 million shares of common stock and 4 million shares of 9%, $100 par value cu...
On December 31, 2017, Berclair Inc. had 220 million shares of
common stock and 4 million shares of 9%, $100 par value cumulative
preferred stock issued and outstanding. On March 1, 2018, Berclair
purchased 24 million shares of its common stock as treasury stock.
Berclair issued a 5% 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 $110 million. The income tax rate...
Information concerning the capital structure of the Petrock Corporation is as follows: Common stock Convertible preferred...
Information concerning the capital structure of the Petrock Corporation is as follows: Common stock Convertible preferred stock 8%, $1,000 par, convertible bonds December 31 2016 2017 90,000 shares 90,000 shares 10,000 shares 10,000 shares $1,000,000 $1,000,000 During 2017, Petrock paid dividends of $1 per share on its common stock and $2.40 per share on its preferred stock. The preferred stock is convertible into 20,000 shares of common stock. The 8% convertible bonds are convertible into 30,000 shares of common stock....
Kohler Corporation reports the following components of stockholders equity on December 31, 2013:
Kohler Corporation reports the following components of stockholders equity on December 31, 2013: Common Stock-$10 par value, 100,000 shares authorized, 40,000 shares issued and outstanding.$400,000Paid-in capital in excess of par value, common stock60,000Retained Earnings270,000Total Stockholders' Equity$730,000 In 2014, the following transactions affected its stockholders' equity accounts. Jan. 1: Purchased 4,000 shares of its own stock at $20 cash per share. Jan. 5: Directors declared a $2 per share cash dividend payable on Feb. 28 to the stockholder of record. Feb 28: Paid the dividend declared...
On December 31, 2017, Berclair Inc. had 480 million shares of common stock and 5 million...
On December 31, 2017, Berclair Inc. had 480 million shares of common stock and 5 million shares of 9 % , $100 par value cumulative preferred stock issued and outstanding. On March 1, 2018, Berclair purchased 24 million shares of its common stock as treasury stock. Berclair issued a 5% 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 $750 million. The income...
On December 31, 2017, Berclair Inc. had 340 million shares of common stock and 6 million...
On December 31, 2017, Berclair Inc. had 340 million shares of common stock and 6 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2018, Berclair purchased 24 million shares of its common stock as treasury stock. Berclair issued a 5% 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 $400 million. The income tax rate...
chart Corporation had both common stock and preferred stock outstanding from 2012 through 2014. Information about cach stock for the three years follows. Type Preferred Common Par Value 100 20 Shares Outstanding 40,000 600,000 Other 7% cumulative The company paid $140,000, s800,000, and $1,100,000 in dividends for 2012 through 2014, respectively. The market price per common share was $15 and $17 per share at the end of years 2013 and 2014, respectively. REQUIRED 1. Determine the dividends per share and...
I need help with 10
O ST I N # 10-under its executive Skok option plan Natina Corporation granted pei to parchase 15 million of the company's S1 par common shares within the mext eight years, but not before December 31, 2017 s onianuary ?2013,thu pent date). The exercise price is the market price of the shares on the date of grant, $32 per share. The fair value of the options (the vesting estimated by an appropriate option pricing model,...
On December 31, 2017, Berclair Inc. had 540 million shares of common stock and 4 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2018, Berclair purchased 24 million shares of its common stock as treasury stock. Berclair issued a 5% 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 $900 million. The income tax rate...
On December 31, 2017, Berclair Inc. had 220 million shares of
common stock and 4 million shares of 9%, $100 par value cumulative
preferred stock issued and outstanding. On March 1, 2018, Berclair
purchased 24 million shares of its common stock as treasury stock.
Berclair issued a 5% 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 $110 million. The income tax rate...
Information concerning the capital structure of the Petrock Corporation is as follows: Common stock Convertible preferred stock 8%, $1,000 par, convertible bonds December 31 2016 2017 90,000 shares 90,000 shares 10,000 shares 10,000 shares $1,000,000 $1,000,000 During 2017, Petrock paid dividends of $1 per share on its common stock and $2.40 per share on its preferred stock. The preferred stock is convertible into 20,000 shares of common stock. The 8% convertible bonds are convertible into 30,000 shares of common stock....
On December 31, 2017, Berclair Inc. had 480 million shares of common stock and 5 million shares of 9 % , $100 par value cumulative preferred stock issued and outstanding. On March 1, 2018, Berclair purchased 24 million shares of its common stock as treasury stock. Berclair issued a 5% 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 $750 million. The income...
On December 31, 2017, Berclair Inc. had 340 million shares of common stock and 6 million shares of 9%, $100 par value cumulative preferred stock issued and outstanding. On March 1, 2018, Berclair purchased 24 million shares of its common stock as treasury stock. Berclair issued a 5% 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 $400 million. The income tax rate...
Most questions answered within 3 hours.
-
PLEASE DO BOTH OF THESE IN PYTHON!!! AND MAKE SURE THAT
I CAN COPY THE CODE....
asked 25 seconds ago -
4. How could the Fed "finance the government's debt"? How does
that work, exactly?
5. In...
asked 3 minutes ago -
The x component of the velocity of an object vibrating
along the x-axis obeys the equation...
asked 1 hour ago -
A junction box contains two trade size 2 raceways on the left
side, and two trade...
asked 1 hour ago -
Atmospheric Mass
Venus and Earth have about the same mass and radius, but the
atmospheric pressure...
asked 2 hours ago -
5. Discuss the use of fault tree analysis (FTA) for risk
assessment (maximum one paragraph).
asked 3 hours ago -
Given that a sample of aluminium oxide has a Young's modulus of
393 GPa and a...
asked 4 hours ago -
At a certain temperature, the equilibrium constant, Kc, for this
reaction is 53.3.
H2(g)+I2(g)−⇀↽−2HI(g)Kc=53.3
At this...
asked 6 hours ago -
Question1 ) The STL provides similiar classes called stack and
queue, both of which gave functions...
asked 7 hours ago -
For Questions 1-4, assume you have 5 bits available:
1. For (positive) integers: What is the...
asked 7 hours ago -
convert grams into vloume with the density of water being at
.997514 g/cm^3 at 23.1 Celsuis...
asked 9 hours ago -
Foreman company obtained a $20,000, 6% loan on May 1, 2018.
Principal and interest will be...
asked 9 hours ago