Homework Answers
| Proceeds from options | 585000 | =58500*10 |
| Shares that can be purchased from proceeds | 39000 | =585000/15 |
| Shares used for diluted EPS | 19500 | =58500-39000 |
| Net income | 221650 | |
| Divide by Total Common shares | 201500 | =182000+19500 |
| Diluted earnings per share | 1.10 |
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X Your answer is incorrect. Flint Corporation reported net income of $221,650 in 2020 and had...
Sage Corporation reported net income of $231,840 in 2020 and had 186,000 shares of common stock...
Sage Corporation reported net income of $231,840 in 2020 and had 186,000 shares of common stock outstanding throughout the year. Also outstanding all year were 58,500 options to purchase common stock at $11 per share. The average market price of the stock during the year was $15. Compute diluted earnings per share. (Round answer to 2 decimal places, e.g. 3.55.) Diluted earnings per share $ Pearl Corporation reported net income of $213,860 in 2020 and had 53,900 shares of common...
Grouper Corporation reported net income of $569.000 in 2017 and had 256,000 shares of common stock...
Grouper Corporation reported net income of $569.000 in 2017 and had 256,000 shares of common stock outstanding throughout the year. Also outstanding all year were 64.200 options to purchase common stock at $B per share. The average market price of the stock during the year was $12.Compute diluted earnings per share (Round answer to 2 decimal places, eg: 15.25.) Diluted Earnings Per Share $
Brief Exercise 16-15 Marigold Corporation reported net income of $421,590 in 2017 and had 203,000 shares...
Brief Exercise 16-15 Marigold Corporation reported net income of $421,590 in 2017 and had 203,000 shares of common stock outstanding throughout the year. Also outstanding all year were 49,500 options to purchase common stock at $11 per share. The average market price of the stock during the year was $15. Compute diluted earnings per share. (Round answer to 2 decimal places, e.g. 3.55.) Diluted earnings per share
Riverbed Corporation reported net income of $259,140 in 2020 and had 52,100 shares of common stock...
Riverbed Corporation reported net income of $259,140 in 2020 and
had 52,100 shares of common stock outstanding throughout the year.
Also outstanding all year were 4,800 shares of cumulative preferred
stock, each convertible into 2 shares of common. The preferred
stock pays an annual dividend of $5 per share. Riverbed’s tax rate
is 40%.
Compute Riverbed’s 2020 diluted earnings per share.
(Round answer to 2 decimal places, e.g.
3.55.)
Diluted earnings per
share
$
Ivanhoe Corporation earned net income of $275,800 in 2020 and had 116,000 shares of common stock...
Ivanhoe Corporation earned net income of $275,800 in 2020 and
had 116,000 shares of common stock outstanding throughout the year.
Also outstanding all year was $900,000 of 9% bonds, which are
convertible into 17,000 shares of common. Ivanhoe’s tax rate is 30
percent.
Compute Ivanhoe’s 2020 diluted earnings per share.
(Round answer to 2 decimal places, e.g.
3.55.)
Diluted earnings per
share
$
Martinez Corporation earned net income of $520,350 in 2020 and had 115,000 shares of common stock...
Martinez Corporation earned net income of $520,350 in 2020 and
had 115,000 shares of common stock outstanding throughout the year.
Also outstanding all year was $750,000 of 9% bonds, which are
convertible into 17,000 shares of common. Martinez’s tax rate is 30
percent.
Compute Martinez’s 2020 diluted earnings per share.
(Round answer to 2 decimal places, e.g.
3.55.)
Diluted earnings per share
$enter diluted earnings per share in dollars rounded to 2
decimal places
Bridgeport Corporation earned net income of $466,800 in 2020 and had 91,000 shares of common stock...
Bridgeport Corporation earned net income of $466,800 in 2020 and had 91,000 shares of common stock outstanding throughout the year. Also outstanding all year was $850,000 of 5% bonds, which are convertible into 19,000 shares of common. Bridgeport’s tax rate is 20 percent. Compute Bridgeport’s 2020 diluted earnings per share. (Round answer to 2 decimal places, e.g. 3.55.) Diluted earnings per share $enter diluted earnings per share in dollars rounded to 2 decimal places Please show work so I can...
Brief Exercise 16-14 Nash Corporation reported net income of $213,860 in 2017 and had 53,00 shares...
Brief Exercise 16-14 Nash Corporation reported net income of $213,860 in 2017 and had 53,00 shares of common stock outstanding throughout the year. Als outstanding year were 4500 shares of cumulative preferred stock, each convertible into 2 shares of common. The preferred stock pays an annual dividend of $5 per share Na's tax rate is 50% Compute Nash's 2017 diluted earnings per share. (Round answer to 2 decimal places.. 3.55.) Diluted earnings per shares Click if you would like to...
Shamrock Corporation reported net income of $300,780 in 2017 and had 45,900 shares of common stock...
Shamrock Corporation reported net income of $300,780 in 2017 and had 45,900 shares of common stock outstanding throughout the year. Also outstanding all year were 4,900 shares of cumulative preferred stock, each convertible into 2 shares of common. The preferred stock pays an annual dividend of $5 per share. Shamrock’s tax rate is 30%. Compute Shamrock’s 2017 diluted earnings per share. (
Sandhill Corporation earned net income of $390,950 in 2020 and had 111,000 shares of common stock...
Sandhill Corporation earned net income of $390,950 in 2020 and had 111,000 shares of common stock outstanding throughout the year. Also outstanding all year was $850,000 of 9% bonds, which are convertible into 16,000 shares of common. Sandhill’s tax rate is 30 percent. Compute Sandhill’s 2020 diluted earnings per share
Sage Corporation reported net income of $231,840 in 2020 and had 186,000 shares of common stock outstanding throughout the year. Also outstanding all year were 58,500 options to purchase common stock at $11 per share. The average market price of the stock during the year was $15. Compute diluted earnings per share. (Round answer to 2 decimal places, e.g. 3.55.) Diluted earnings per share $ Pearl Corporation reported net income of $213,860 in 2020 and had 53,900 shares of common...
Grouper Corporation reported net income of $569.000 in 2017 and had 256,000 shares of common stock outstanding throughout the year. Also outstanding all year were 64.200 options to purchase common stock at $B per share. The average market price of the stock during the year was $12.Compute diluted earnings per share (Round answer to 2 decimal places, eg: 15.25.) Diluted Earnings Per Share $
Riverbed Corporation reported net income of $259,140 in 2020 and
had 52,100 shares of common stock outstanding throughout the year.
Also outstanding all year were 4,800 shares of cumulative preferred
stock, each convertible into 2 shares of common. The preferred
stock pays an annual dividend of $5 per share. Riverbed’s tax rate
is 40%.
Compute Riverbed’s 2020 diluted earnings per share.
(Round answer to 2 decimal places, e.g.
3.55.)
Diluted earnings per
share
$
Ivanhoe Corporation earned net income of $275,800 in 2020 and
had 116,000 shares of common stock outstanding throughout the year.
Also outstanding all year was $900,000 of 9% bonds, which are
convertible into 17,000 shares of common. Ivanhoe’s tax rate is 30
percent.
Compute Ivanhoe’s 2020 diluted earnings per share.
(Round answer to 2 decimal places, e.g.
3.55.)
Diluted earnings per
share
$
Martinez Corporation earned net income of $520,350 in 2020 and
had 115,000 shares of common stock outstanding throughout the year.
Also outstanding all year was $750,000 of 9% bonds, which are
convertible into 17,000 shares of common. Martinez’s tax rate is 30
percent.
Compute Martinez’s 2020 diluted earnings per share.
(Round answer to 2 decimal places, e.g.
3.55.)
Diluted earnings per share
$enter diluted earnings per share in dollars rounded to 2
decimal places
Brief Exercise 16-14 Nash Corporation reported net income of $213,860 in 2017 and had 53,00 shares of common stock outstanding throughout the year. Als outstanding year were 4500 shares of cumulative preferred stock, each convertible into 2 shares of common. The preferred stock pays an annual dividend of $5 per share Na's tax rate is 50% Compute Nash's 2017 diluted earnings per share. (Round answer to 2 decimal places.. 3.55.) Diluted earnings per shares Click if you would like to...
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