Homework Answers
Basic Earning Per Share = Earning After Tax / No. of Shares
= $9 million / 2.5 million
Basic Earning Per Share = $3.60
Diluted Earning Per Share = Earning After Tax / (No. of Shares + Net Increase in shares from warrants)
= $9 million / (2.5 million + 0.1 million)
Basic Earning Per Share = $3.46
Add Answer to:
Myers Drugs Inc. has 2.5 million shares of stock outstanding. Earnings after taxes are $9 million....
The Hamilton Corporation has 5 million shares of stock outstanding and will report earnings of $6,770,000...
The Hamilton Corporation has 5 million shares of stock outstanding and will report earnings of $6,770,000 in the current year. The company is considering the issuance of 1 million additional shares that can only be issued at $33 per share. a. Assume the Hamilton Corporation can earn 8.00 percent on the proceeds. Calculate the earnings per share. (Do not round intermediate calculations and round your answer to 2 decimal places.) Earnings per share $ 2.64 b. Should the new issue...
Stilley Corporation had earnings after taxes of $550,000 in 20x2 with 220,000 shares outstanding. The stock...
Stilley Corporation had earnings after taxes of $550,000 in 20x2 with 220,000 shares outstanding. The stock price was $51.10. In 20X3, earnings after taxes declined to $253,000 with the same 220,000 shares outstanding. The stock price declined to $37.30. a. Compute earnings per share and the P/E ratio for 20X2. (Do not round intermediate calculations. Round your final answers to 2 decimal places.) Earnings per share P/E ratio times b. Compute earnings per share and the P/E ratio for 20X3....
The Carlton Corporation has $6 million in earnings after taxes and 1 million shares outstanding. The...
The Carlton Corporation has $6 million in earnings after taxes and 1 million shares outstanding. The stock trades at a P/E of 15. The firm has $3 million in excess cash. a. Compute the current price of the stock. (Do not round intermediate calculations and round your answer to 2 decimal places.) b. If the $3 million is used to pay dividends, how much will dividends per share be? (Do not round intermediate calculations and round your answer to...
Louisiana Timber Company currently has 4 million shares of stock outstanding and will report earnings of...
Louisiana Timber Company currently has 4 million shares of stock outstanding and will report earnings of $6.71 million in the current year. The company is considering the issuance of 2 million additional shares that will net $39 per share to the corporation. a. What is the immediate dilution potential for this new stock issue? (Do not round intermediate calculations and round your answer to 2 decimal places.) b-1. Assume the Louisiana Timber Company can earn 10.80 percent on the...
The Hamilton Corporation has 5 million shares of stock outstanding and will report earnings of $6,460,000...
The Hamilton Corporation has 5 million shares of stock outstanding and will report earnings of $6,460,000 in the current year. The company is considering the issuance of 2 million additional shares which can only be issued at $35 per share. a. Assume the Hamilton Corporation can earn 8.00 percent on the proceeds. Calculate the earnings per share. (Do not round intermediate calculations and round your answer to 2 decimal places.) Earnings per Share - b. Should the new issue be...
Kevin's Bacon Company Inc. has earnings of $9 million with 2,300,000 shares outstanding before a public...
Kevin's Bacon Company Inc. has earnings of $9 million with 2,300,000 shares outstanding before a public distribution. Five hundred thousand shares will be included in the sale, of which 300,000 are new corporate shares, and 200,000 are shares currently owned by Ann Fry, the founder and CEO. The 200,000 shares that Ann is selling are referred to as a secondary offering and all proceeds will go to her. The net price from the offering will be $24.50 and the corporate...
Kevin's Bacon Company Inc. has earnings of $9 million with 2,100,000 shares outstanding before a public...
Kevin's Bacon Company Inc. has earnings of $9 million with 2,100,000 shares outstanding before a public distribution. Seven hundred thousand shares will be included in the sale, of which 400,000 are new corporate shares, and 300,000 are shares currently owned by Ann Fry, the founder and CEO. The 300,000 shares that Ann is selling are referred to as a secondary offering, and all proceeds will go to her. The net price from the offering will be $16.50, and the corporate...
Botox Facial Care had earnings after taxes of $362,000 in 20X1 with 200,000 shares of stock...
Botox Facial Care had earnings after taxes of $362,000 in 20X1 with 200,000 shares of stock outstanding. The stock price was $81.80. In 20X2, earnings after taxes increased to $450,000 with the same 200,000 shares outstanding. The stock price was $95.00. a. Compute earnings per share and the P/E ratio for 20X1. (The P/E ratio equals the stock price divided by earnings per share.) (Do not round intermediate calculations. Round your final answers to 2 decimal places.) Earnings per share=...
Botox Facial Care had earnings after taxes of $282,000 in 20X1 with 200,000 shares of stock...
Botox Facial Care had earnings after taxes of $282,000 in 20X1 with 200,000 shares of stock outstanding. The stock price was $81.80. In 20X2, earnings after taxes increased to $418,000 with the same 200,000 shares outstanding. The stock price was $94.00. a. Compute earnings per share and the P/E ratio for 20X1. (The P/E ratio equals the stock price divided by earnings per share.) (Do not round intermediate calculations. Round your final answers to 2 decimal places.) Earnings per share...
Botox Facial Care had earnings after taxes of $282,000 in 20X1 with 200,000 shares of stock...
Botox Facial Care had earnings after taxes of $282,000 in 20X1 with 200,000 shares of stock outstanding. The stock price was $81.80. In 20X2, eamings after taxes increased to S418,000 with the same 200,000 shares outstanding. The stock price was $94.00 a. Compute earnings per share and the P/E ratio for 20X1. (The P/E ratio equals the stock price divided by earnings per share.) (Do not round intermediate calculations. Round your final answers to 2 decimal places.) Earnings per share...
The Hamilton Corporation has 5 million shares of stock outstanding and will report earnings of $6,770,000 in the current year. The company is considering the issuance of 1 million additional shares that can only be issued at $33 per share. a. Assume the Hamilton Corporation can earn 8.00 percent on the proceeds. Calculate the earnings per share. (Do not round intermediate calculations and round your answer to 2 decimal places.) Earnings per share $ 2.64 b. Should the new issue...
Stilley Corporation had earnings after taxes of $550,000 in 20x2 with 220,000 shares outstanding. The stock price was $51.10. In 20X3, earnings after taxes declined to $253,000 with the same 220,000 shares outstanding. The stock price declined to $37.30. a. Compute earnings per share and the P/E ratio for 20X2. (Do not round intermediate calculations. Round your final answers to 2 decimal places.) Earnings per share P/E ratio times b. Compute earnings per share and the P/E ratio for 20X3....
Kevin's Bacon Company Inc. has earnings of $9 million with 2,300,000 shares outstanding before a public distribution. Five hundred thousand shares will be included in the sale, of which 300,000 are new corporate shares, and 200,000 are shares currently owned by Ann Fry, the founder and CEO. The 200,000 shares that Ann is selling are referred to as a secondary offering and all proceeds will go to her. The net price from the offering will be $24.50 and the corporate...
Kevin's Bacon Company Inc. has earnings of $9 million with 2,100,000 shares outstanding before a public distribution. Seven hundred thousand shares will be included in the sale, of which 400,000 are new corporate shares, and 300,000 are shares currently owned by Ann Fry, the founder and CEO. The 300,000 shares that Ann is selling are referred to as a secondary offering, and all proceeds will go to her. The net price from the offering will be $16.50, and the corporate...
Botox Facial Care had earnings after taxes of $282,000 in 20X1 with 200,000 shares of stock outstanding. The stock price was $81.80. In 20X2, earnings after taxes increased to $418,000 with the same 200,000 shares outstanding. The stock price was $94.00. a. Compute earnings per share and the P/E ratio for 20X1. (The P/E ratio equals the stock price divided by earnings per share.) (Do not round intermediate calculations. Round your final answers to 2 decimal places.) Earnings per share...
Botox Facial Care had earnings after taxes of $282,000 in 20X1 with 200,000 shares of stock outstanding. The stock price was $81.80. In 20X2, eamings after taxes increased to S418,000 with the same 200,000 shares outstanding. The stock price was $94.00 a. Compute earnings per share and the P/E ratio for 20X1. (The P/E ratio equals the stock price divided by earnings per share.) (Do not round intermediate calculations. Round your final answers to 2 decimal places.) Earnings per share...
Most questions answered within 3 hours.
-
The denaturation of proteins can be described by the
equilibrium
F⇌U
where F and U represent...
asked 50 minutes ago -
Please answer what the maximum and minimum force is, and the
angle on the ion is...
asked 52 minutes ago -
implement a program that reads a number of rows and a symbol.
The program will draw...
asked 57 minutes ago -
Assume that when adults with smartphones are randomly selected,
45% use them in meetings or classes....
asked 1 hour ago -
Determine the number of formula units of
Na2SO4 and moles of oxygen contained in 8.11
moles...
asked 1 hour ago -
Explain in steps on the following code
What would be the output when executed
using System;...
asked 1 hour ago -
Given the information in the table, which of the following
statements is CORRECT?
Stock A
Stock...
asked 1 hour ago -
Write MARIE assembly language programs that do the following:
Write a program that inputs an integer...
asked 1 hour ago -
Explain an understanding of services and protocols.
Explain the job of DNS.
Explain the three email...
asked 1 hour ago -
(As soon as possible) Balance each of the following equations
according to the half-reaction method:
H2O2(aq)...
asked 1 hour ago -
A thin rod with a mass of 3.5kg and a length L=1.5 m is oriented
horizontally....
asked 1 hour ago -
Inheritance pattern in BRCA 1
Describe the inheritance pattern of BRCA 1 Is it recessive or...
asked 1 hour ago