Homework Answers
| Answer: | |||||
|
Preferred Dividends = $ 30 million x $
2 = $ 60 million |
|||||
| Net Income (-) Preference Dividend | / |
Weighted Aveage No. of shares issued and outstanding |
= | Earnings per share | |
| Basic |
$ 780 ($ 840 (-) $ 60 ) |
/ | 100 million Shares | = | $ 7.80 per Share |
| Net Income (-) Preference Dividend + Preference Dividend | / |
Weighted Aveage No. of shares issued and outstanding (+) Shares Due to Conversion |
= | Earnings per share | |
| Diluted |
$ 840 ($ 840 (-) $ 60 + $ 60) |
/ |
110 million Shares ( 100 + 10 ) |
= | $ 7.64 per Share |
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question 6
Information from the financial statements of Henderson-Niles Industries included the following at December 31,...
Information from the financial statements of Henderson-Niles Industries included the following at December 31, 2018: Common...
Information from the financial statements of Henderson-Niles Industries included the following at December 31, 2018: Common shares outstanding throughout the year Convertible preferred shares (convertible into 32 million shares of common) Convertible 10% bonds (convertible into 13.5 million shares of common) 100 million 60 million $ 900 million Henderson-Niles's net income for the year ended December 31, 2018, is $520 million. The income tax rate is 40%. Henderson- Niles paid dividends of $2 per share on its preferred stock during...
Information from the financial statements of Henderson-Niles Industries included the following at December 31, 2018: Common...
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Information from the financial statements of Henderson-Niles Industries included the following at December 31, 2018: Common...
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Information from the financial statements of Henderson-Niles Industries included the following at December 31, 2018: Common shares outstanding throughout the year Convertible preferred shares (convertible into 32 million shares of common) Convertible 10% bonds (convertible into 13.5 million shares of common) 100 million 60 million $ 900 million Henderson-Niles's net income for the year ended December 31, 2018, is $520 million. The income tax rate is 40%. Henderson- Niles paid dividends of $2 per share on its preferred stock during...
Information from the financial statements of Henderson-Niles Industries included the following at December 31, 2018: Common shares outstanding throughout the year Convertible preferred shares (convertible into 32 million shares of common) Convertible 10% bonds (convertible into 13.5 million shares of common) 100 million 60 million $ 900 million Henderson-Niles's net income for the year ended December 31, 2018, is $520 million. The income tax rate is 40%. Henderson- Niles paid dividends of $2 per share on its preferred stock during...
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