Homework Answers
| Formula, | |||
| Diluted Earning Per Shares = (Net Income - Preferred Dividends) / Weighted Average No. of Shares | |||
| Solution: | |||
| Diluted Earning Per Shares = | |||
| Net Income = | $ 33,80,000 | ||
| Less: Preferred Dividend | $ 2,00,000 | ||
| Balance available for Common Shareholders = | $ 31,80,000 | ||
| Divide By | "/" By | ||
| Weighted Average No. of Shares | 2390000 | ||
| Diluted Earning Per Shares = | $ 1.33 | ||
| Answer = Option 3 = $ 1.33 | |||
| Notes: Vaughn is required addittional 107,000 Shares ot its common Stock on July 01, 2022 so it means | |||
| So this is not taken for calculation of the year 2021 | |||
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