Homework Answers
Solution :
| Numerator | / | Denominator | = | EPS | |
| Dow Basic | $1655 | / | 819 | = | 2.02 |
| Dow Diluted | $1655 | / | 819 | = | 2.02 |
Note :
In Employee Stock Option there are 2 Components
1) Right to Purchase
2) Bonus (discount price)
here employees are not enjoying any bonus (discount in excercise price) due to which there is no diluted effect on EPS of the company
working
1)
| Outstanding Common Stock As on 31/12/2018 | ||
| Date | Share Number | Remarks |
| 31/12/2017 | 760000 | outstanding |
| 28/02/2018 | 63000 | issued |
| 01/07/2018 | -4000 | Repurchased |
| Total | 819000 |
2)
| Particulars | Amount |
| Net Profit | 2900 |
| Tax Rate 40% | 1160 |
| Profit Availble to Stock Holders | 1740 |
| Dividend To Preferred Stock | 85 |
| Profit Availble to Common Stock Holders | 1655 |
Note : As no. Of Prefred stock remains same we assume that amount of Dividend to them are also remain same
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show steps please, thank you. On December 31, 2017, Dow Steel Corporation had 600,000 shares of...
show steps please, thank you.
On December 31, 2017, Dow Steel Corporation had 600,000 shares of common stock and 300,000 shares of 8%, noncumulative, nonconvertible preferred stock issued and outstanding. Dow issued a 4% common stock dividend on May 15 and paid cash dividends of $400,000 and $75,000 to common and preferred shareholders, respectively, on December 15, 2018. On February 28, 2018, Dow sold 60,000 common shares. Also, as a part of a 2017 agreement for the acquisition of Merrill...
On December 31, 2017, Dow Steel Corporation had 640,000 shares
of common stock and 34,000 shares of 8%, noncumulative,
nonconvertible preferred stock issued and outstanding. Dow issued a
4% common stock dividend on May 15 and paid cash dividends of
$440,000 and $73,000 to common and preferred shareholders,
respectively, on December 15, 2018.
On February 28, 2018, Dow sold 57,000 common shares. In keeping
with its long-term share repurchase plan, 6,000 shares were retired
on July 1. Dow's net income...
On December 31, 2017, Dow Steel Corporation had 650,000 shares
of common stock and 35,000 shares of 9%, noncumulative,
nonconvertible preferred stock issued and outstanding. Dow issued a
5% common stock dividend on May 15 and paid cash dividends of
$450,000 and $74,000 to common and preferred shareholders,
respectively, on December 15, 2018.
On February 28, 2018, Dow sold 64,000 common shares. Also, as a
part of a 2017 agreement for the acquisition of Merrill Cable
Company, another 26,000 shares...
On December 31, 2017, Dow Steel Corporation had 730,000 shares of common stock and 43,000 shares of 9%, noncumulative, nonconvertible preferred stock issued and outstanding. Dow issued a 5% common stock dividend on May 15 and paid cash dividends of $530,000 and $82,000 to common and proferred shareholders, respectively, on December 15, 2018. On February 28, 2018, Dow sold 60,000 common shares. Also, as a part of a 2017 agreement for the acquisition of Merrill Cable Company, another 24,000 shares...
Check my work 3 On December 31, 2017, Dow Steel Corporation had 600,000 shares of common stock and 300,000 shares of 8% noncumulative, nonconvertible preferred stock issued and outstanding. Dow issued a 4% common stock dividend on May 15 and paid cash dividends of $400,000 and $75,000 to common and preferred shareholders, respectively, on December 15, 2018 33.34 oints On February 28, 2018, Dow sold 60,000 common shares. Also, as a part of a 2017 agreement for the acquisition of...
On December 31, 2015, Dow Steel Corporation had 730,000 shares of common stock and 43,000 shares of 9%, noncumulative, nonconvertible preferred stock issued and outstanding. Dow issued a 5% common stock dividend on May 15 and paid cash dividends of $530,000 and $82,000 to common and preferred shareholders, respectively, on December 15, 2016 sold 60,000 common shares. Also, as a part of a 2015 agreement for the On February 28, 2016, Dow acquisition of Merrill Cable Company, another 24,000 shares...
show steps please, thank you.
On December 31, 2017, Dow Steel Corporation had 600,000 shares of common stock and 300,000 shares of 8%, noncumulative, nonconvertible preferred stock issued and outstanding. Dow issued a 4% common stock dividend on May 15 and paid cash dividends of $400,000 and $75,000 to common and preferred shareholders, respectively, on December 15, 2018. On February 28, 2018, Dow sold 60,000 common shares. Also, as a part of a 2017 agreement for the acquisition of Merrill...
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