Question 4 --/1 View Policies Current Attempt in Progress In 2019, Sandhill Enterprises issued, at par, 60 $1,000,8% bo...
Question 4 --/1 View Policies Current Attempt in Progress In 2019, Riverbed Enterprises issued, at par, 60 $1,000, 8% bonds, each convertible into 100 shares of common stock. Riverbed had revenues of $18,800 and expenses other than interest and taxes of $10,000 for 2020. (Assume that the tax rate is 20%.) Throughout 2020, 1,700 shares of common stock were outstanding; none of the bonds was converted or redeemed. (a) Compute diluted earnings per share for 2020. (Round answer to 2...
Current Attempt in Progress In 2019, Bonita Enterprises issued, at par, 60 $1,000,8% bonds, each convertible into 100 shares of common stock. Bonita had revenues of $18,700 and expenses other than interest and taxes of $8,300 for 2020. (Assume that the tax rate is 20%.) Throughout 2020, 2,000 shares of common stock were outstanding; none of the bonds was converted or redeemed. (a) Compute diluted earnings per share for 2020. (Round answer to 2 decimal places, e.g. $2.55.) Earnings per...
X] your answer is incorrect. Try again. In 2019, Larkspur Enterprises issued, at par, 60 $1,000, 8% bonds, each convertible into 100 shares of common stock. Larkspur had revenues of $18,200 and expenses other than interest and taxes of $7,900 for 2020. (Assume that the tax rate is 20%.) Throughout 2020, 1,600 shares of common stock were outstanding; none of the bonds was converted or redeemed. (a) Compute diluted earnings per share for 2020. (Round answer to 2 decimal places,...
In 2019, Buffalo Enterprises issued, at par, 60 $1,000, 8% bonds, each convertible into 100 shares of common stock. Buffalo had revenues of $18,200 and expenses other than interest and taxes of $7,900 for 2020. (Assume that the tax rate is 20%.) Throughout 2020, 1,600 shares of common stock were outstanding; none of the bonds was converted or redeemed. (a) Compute diluted earnings per share for 2020. (Round answer to 2 decimal places, e.g. $2.55.) Earnings per share $ (b)...
In 2019, Stellar Enterprises issued, at par, 60 $1,000, 9% bonds, each convertible into 100 shares of common stock. Stellar had revenues of $17,600 and expenses other than interest and taxes of $7,200 for 2020. (Assume that the tax rate is 20%.) Throughout 2020, 2,200 shares of common stock were outstanding; none of the bonds was converted or redeemed. (a) Compute diluted earnings per share for 2020. (Round answer to 2 decimal places, e.g. $2.55.) Earnings per share $ (b)...
n 2019, Carla Enterprises issued, at par, 60 $1,000, 8% bonds, each convertible into 100 shares of common stock. Carla had revenues of $19,000 and expenses other than interest and taxes of $9,500 for 2020. (Assume that the tax rate is 20%.) Throughout 2020, 2,200 shares of common stock were outstanding; none of the bonds was converted or redeemed. (a) Compute diluted earnings per share for 2020. (Round answer to 2 decimal places, e.g. $2.55.) Earnings per share $ (b)...
In 2019, Sarasota Enterprises issued, at par, 60 $1,000, 8% bonds, each convertible into 100 shares of common stock. Sarasota had revenues of $19,500 and expenses other than interest and taxes of $9,500 for 2020. (Assume that the tax rate is 20%.) Throughout 2020, 1,600 shares of common stock were outstanding; none of the bonds was converted or redeemed (a) Compute diluted earnings per share for 2020. (Round answer to 2 decimal places, e.g. $2.55.) Earnings per share 2.15 (b)...
In 2016, Windsor Enterprises issued, at par, 60 $1,000, 8% bonds, each convertible into 100 shares of common stock. Windsor had revenues of $ 18,800 and expenses other than interest and taxes of $ 10,000 for 2017. (Assume that the tax rate is 40%.) Throughout 2017, 1,700 shares of common stock were outstanding; none of the bonds was converted or redeemed. (a) Compute diluted earnings per share for 2017. (Round answer to 2 decimal places, e.g. $2.55.) (b) Assume the same facts as...
E16.22 (LO 5) (EPS with Convertible Bonds, Various Situations) In 2019, Chirac Enterprises issued, at par, 60 $1,000, 8% bonds, each convertible into 100 shares of common stock. Chirac had revenues of $17,500 and expenses other than interest and taxes of $8,400 for 2020. (Assume that the tax rate is 20%.) Throughout 2020, 2,000 shares of common stock were outstanding; none of the bonds was converted or redeemed. Instructions a. Compute diluted earnings per share for 2020. b. Assume the same facts...
In 2016, Pharoah Enterprises issued, at par, 60 $1,000, 8% bonds, each convertible into 100 shares of common stock. Pharoah had revenues of $14,800 and expenses other than interest and taxes of $7,800 for 2017. (Assume that the tax rate is 40%.) Throughout 2017, 1,900 shares of common stock were outstanding; none of the bonds was converted or redeemed. (a) Compute diluted earnings per share for 2017. (b) Assume the same facts as those assumed for part (a), except that...