ZuoTi.Pro
Question
Please show work
ACC 310 eam 1 v2 winter 2018 [Read-Onlyl-ord Malings ReieVHelp Tell me what yeu want to do noert Design Leyout References 美Cut information from the financial statements of Henderson Niles Industries inčluded the following at December 31, 2018 Common shares outstanding throughout the year Convertible prefered shares (convertible into 30 milion shares of Convertible 10% bonds (convertible into 30 milion shares of 100 million 70 milion $2,700 million Henderson Niles net income for the year ended December 31, 2018, is $940 million. The income tax rate is 40%. Henderson-Nies paid dividends of S3 per share on Rs preferred stock during 2018 2. Compute diluted earnings per shace the web 3 5 6 8
business   accounting   
0 0
Add a comment Improve this question Transcribed image text
Next > < Previous
Sort answers by oldest

Homework Answers

Answer #1

Hi

Let me know in case you face any issue:

Answers are highlighted in yellow: Answer can be rounded per quersion requirement (e.g. 1 decimal or 2 decimal) Solution: 1&2) Basic Diluted Numerator 730 1102 Denominator 100 160 Earning per share $ 7.30 $ 6.89 Explanation 1) Net profit for common stock Weighted Average number of outstanding Common Stock Basic EPS (940)-(70*3) Net Income Weighted Average number of common stock Basic EPS 730 100 7.30 Net Profit for Common Equity (+) After Tax interest on Convertible debts (+) Convertible preferred dividends Weighted Average Common shares outstanding +All Dilutive potential Common stock 2) Diluted EPS (940)+[( 2700*10%)*60%) Net Income Weighted Average number of common stock including dilutive Agreement meet the conditions, therefore Weighted Average common stock outstanding Add: Convertible Bonds Add: Convertible preferred stock Total Diluted EPS 1102 160 100 30 30 160 6.89

0 0
Add a comment
Know the answer?
Add Answer to:
Please show work ACC 310 eam 1 v2 winter 2018 [Read-Onlyl-ord Malings ReieVHelp Tell me what...
Your Answer:

Post as a guest

Your Name:

What's your source?

Earn Coins

Coins can be redeemed for fabulous gifts.

Log In

Sign Up

Not the answer you're looking for? Ask your own homework help question. Our experts will answer your question WITHIN MINUTES for Free.
Similar Homework Help Questions

  • 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 100 million Convertible preferred shares (convertible into 20 million shares of common) 70 million Convertible 10% bonds (convertible into 19.0 million shares of common) $ 2,700 million Henderson-Niles’s net income for the year ended December 31, 2018, is $940 million. The income tax rate is 40%. Henderson-Niles paid dividends of $2 per share on its preferred stock during 2018....

ADVERTISEMENT
Free Homework Help App
Download From Google Play
Scan Your Homework
to Get Instant Free Answers
Need Online Homework Help?
Ask a Question
Get Answers For Free
Most questions answered within 3 hours.
ADVERTISEMENT
ADVERTISEMENT
ADVERTISEMENT