Weighted-average shares outstanding | |
Outstanding | 650,000 |
Repurchase (48000*5/6) | -40,000 |
610,000 | |
2-for-1 split | 1,220,000 |
Issued (1/6*204000) | 34,000 |
1,254,000 | |
Basic EPS ((2700000-72000)/1254000) | $ 2.10 |
Preferred Dividend (900000*8%) = $72,000 | |
Diluted EPS | $ 1.87 |
(2700000/(1254000+180000+75000-62500)) | |
Treasury Stock Purchasable (75000*25/30) |
Thank you. Assume that the following data relative to Blossom Company for 2021 is available: Net...
please help me solve part A, i already solved b + c Testbank Problem 146 Assume that the following data relative to Blossom Company for 2021 is available: Net Income $2,800,000 Transactions in Common Shares Jan. 1, 2021, Beginning number Mar. 1, 2021, Purchase of treasury shares June 1, 2021, Stock split 2-1 Nov. 1, 2021, Issuance of shares Change Cumulative 720,000 (53,400) 666,600 656,600 1,333,200 228,000 1,561,200 6% Cumulative Convertible Preferred Stock Sold at par, convertible into 180,000 shares...
Problem 146 (Part Level Submission) Assume that the following data relative to Kane Company for 2018 is available: Net Income Transactions in Common Shares Jan. 1. 2018, Beginning number Mar. 1. 2018, Purchase of treasury shares June 1, 2018, Stock split 2-1 Nov. 1, 2018, Issuance of shares 240.000 1.520,000 6% Cumulative Convertible Preferred Stock Sold at par, convertible into 200,000 shares of common (adjusted for split). 51.000.000 Stock Options Exercisable at the option price of $25 per share. Average...
FULL SCREEN CALCULATOR PRINTER VERSION BACK NEXT Problem 146 (Part Level Submission) Assume that the following data relative to Kane Company for 2018 is available: $2,100,000 Net Income Change Transactions in Common Shares Jan 1, 2018, Beginning number Mar. 1, 2018, Purchase of treasury shares June 1, 2018, Stock split 2-1 Nov. 1, 2018, Issuance of shares (60,000) 640,000 240,000 Cumulative 700,000 640,000 1,280,000 1,520,000 $1,000,000 6% Cumulative Convertible Preferred Stock Sold at par, convertible into 200,000 shares of common...
The information below pertains to Windsor Company for 2021. Net income for the year $1,190,000 7% convertible bonds issued at par ($1,000 per bond); each bond is convertible into 30 shares of common stock 1,970,000 6% convertible, cumulative preferred stock, $100 par value; each share is convertible into 3 shares of common stock 4,000,000 Common stock, $10 par value 6,280,000 Tax rate for 2021 20% Average market price of common stock $25 per share There were no changes during...
The information below pertains to Sarasota Company for 2021. Net income for the year $1,220,000 7% convertible bonds issued at par ($1,000 per bond); each bond is convertible into 30 shares of common stock 1,990,000 6% convertible, cumulative preferred stock, $100 par value; each share is convertible into 3 shares of common stock 3,990,000 Common stock, $10 par value 6,140,000 Tax rate for 2021 20% Average market price of common stock $25 per share There were no changes during...
The information below pertains to Cheyenne Company for 2021. $1,140,000 2,010,000 Net income for the year 6% convertible bonds issued at par ($1,000 per bond); each bond is convertible into 30 shares of common stock 6% convertible, cumulative preferred stock, $100 par value; each share is convertible into 3 shares of common stock Common stock, $10 par value Tax rate for 2021 Average market price of common stock 3,820,000 5,820,000 20% $25 per share There were no changes during 2021...
The information below pertains to Stellar Company for 2021. Net income for the year $1,250,000 7% convertible bonds issued at par ($1,000 per bond); each bond is convertible into 30 shares of common stock 2,080,000 6% convertible, cumulative preferred stock, $100 par value; each share is convertible into 3 shares of common stock 3,800,000 Common stock, $10 par value 5,770,000 Tax rate for 2021 20% Average market price of common stock $25 per share There were no changes during...
The information below pertains to Johnson Company for 2021. Net income for the year $1,230,000 8% convertible bonds issued at par ($1,000 per bond); each bond is convertible into 30 shares of common stock 2,090,000 6% convertible, cumulative preferred stock, $100 par value; each share is convertible into 3 shares of common stock 3,830,000 Common stock, $10 par value 6,110,000 Tax rate for 2021 20% Average market price of common stock $25 per share There were no changes during...
The information below pertains to Bonita Company for 2021. Net income for the year $1,190,000 7% convertible bonds issued at par ($1,000 per bond); each bond is convertible into 30 shares of common stock 1,970,000 6% convertible, cumulative preferred stock, $100 par value; each share is convertible into 3 shares of common stock 4,000,000 Common stock, $10 par value 6,280,000 Tax rate for 2021 20% Average market price of common stock $25 per share There were no changes during...
The information below pertains to Barkley Company for 2021. Net income for the year $1,200,000 7% convertible bonds issued at par ($1,000 per bond); each bond is convertible into 30 shares of common stock 2,000,000 6% convertible, cumulative preferred stock, $100 par value; each share is convertible into 3 shares of common stock 4,000,000 Common stock, $10 par value 6,000,000 Tax rate for 2021 20% Average market price of common stock $25 per share There were no changes during 2021...