In: Accounting
At January 1, 2021, Canaday Corporation had outstanding the
following securities:
690 million common shares
30 million 5% cumulative preferred shares, $50 par
6.4% convertible bonds, $3,000 million face amount, convertible
into 60 million common shares
The following additional information is available:
Required:
1. & 2. Calculate basic and the diluted
earnings per common share for the year ended December 31, 2021.
(Round "Earnings per share" answers to 2 decimal places.
Enter your answers in millions (i.e., 10,000,000 should be entered
as 10).)