Question
In: Accounting
Culver Corporation reported net income of $461,150 in 2017 and had 186,000 shares of common stock...
Culver Corporation reported net income of $461,150 in 2017 and
had 186,000 shares of common stock outstanding throughout the year.
Also outstanding all year were 43,500 options to purchase common
stock at $10 per share. The average market price of the stock
during the year was $15.
Compute diluted earnings per share. (Round answer to 2
decimal places, e.g. 3.55.)
| Diluted earnings per share$____________? |
Solutions
ekkarill92 answered 1 year agoRelated Solutions
Crane Corporation reported net income of $311,750 in 2017 and had 199,000 shares of common stock...
Crane Corporation reported net income of $311,750 in 2017 and
had 199,000 shares of common stock outstanding throughout the year.
Also outstanding all year were 48,000 options to purchase common
stock at $10 per share. The average market price of the stock
during the year was $15.
Compute diluted earnings per share
Crane Corporation reported net income of $234,910 in 2020 and had 152,000 common shares outstanding throughout...
Crane Corporation reported net income of $234,910 in 2020 and
had 152,000 common shares outstanding throughout the year. Also
outstanding all year were 51,000 (written) options to purchase
common shares at $10 per share. The average market price for the
common shares during the year was $15 per share.
QUESTION:
Calculate the diluted earnings per share.
(Round answer to 2 decimal places, e.g.
15.25.)
Diluted earnings per
share
$______
A firm reported Net Income of $500,000. They have 100,000 shares of common stock with a...
A firm reported Net Income of $500,000. They have 100,000 shares
of common stock with a price of $60 per share and 20,000 shares of
preferred stock that pays a dividend of $6 per year. They have
2,000 convertible bonds with a face value of $1,000 and a 9% coupon
rate. Each bond can be converted into 25 shares of stock. They have
also issued 10,000 warrants that allows the owner to purchase stock
for $50 per share. The tax...
A firm reported Net Income of $500,000. They have 100,000 shares of common stock with a...
A firm reported Net Income of $500,000. They have 100,000 shares
of common stock with a price of $60 per share and 20,000 shares of
preferred stock that pays a dividend of $6 per year. They have
2,000 convertible bonds with a face value of $1,000 and a 9% coupon
rate. Each bond can be converted into 25 shares of stock. They have
also issued 10,000 warrants that allows the owner to purchase stock
for $50 per share. The tax...
Ferrell Inc. recently reported net income of $6 million. It has250,000 shares of common stock,...
Ferrell Inc. recently reported net income of $6 million. It has
250,000 shares of common stock, which currently trades at $49 a
share. Ferrell continues to expand and anticipates that 1 year from
now, its net income will be $9.3 million. Over the next year, it
also anticipates issuing an additional 25,000 shares of stock so
that 1 year from now it will have 275,000 shares of common stock.
Assuming Ferrell's price/earnings ratio remains at its current
level, what will...
On December 31, 2017, Dow Steel Corporation had 670,000 shares of common stock and 37,000 shares...
On December 31, 2017, Dow Steel Corporation had 670,000 shares
of common stock and 37,000 shares of 7%, noncumulative,
nonconvertible preferred stock issued and outstanding. Dow issued a
4% common stock dividend on May 15 and paid cash dividends of
$470,000 and $76,000 to common and preferred shareholders,
respectively, on December 15, 2018.
On February 28, 2018, Dow sold 51,000 common shares. Also, as a
part of a 2017 agreement for the acquisition of Merrill Cable
Company, another 30,000 shares...
On December 31, 2017, Dow Steel Corporation had 790,000 shares of common stock and 49,000 shares...
On December 31, 2017, Dow Steel Corporation had 790,000 shares
of common stock and 49,000 shares of 7%, noncumulative,
nonconvertible preferred stock issued and outstanding. Dow issued a
4% common stock dividend on May 15 and paid cash dividends of
$590,000 and $88,000 to common and preferred shareholders,
respectively, on December 15, 2018.
On February 28, 2018, Dow sold 72,000 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 710,000 shares of common stock and 41,000 shares...
On December 31, 2017, Dow Steel Corporation had 710,000 shares
of common stock and 41,000 shares of 7%, noncumulative,
nonconvertible preferred stock issued and outstanding. Dow issued a
4% common stock dividend on May 15 and paid cash dividends of
$510,000 and $80,000 to common and preferred shareholders,
respectively, on December 15, 2018. On February 28, 2018, Dow sold
63,000 common shares. In keeping with its long-term share
repurchase plan, 4,000 shares were retired on July 1. Dow's net
income...
On December 31, 2017, Dow Steel Corporation had 700,000 shares of common stock and 40,000 shares...
On December 31, 2017, Dow Steel Corporation had 700,000 shares
of common stock and 40,000 shares of 10%, noncumulative,
nonconvertible preferred stock issued and outstanding. Dow issued a
5% common stock dividend on May 15 and paid cash dividends of
$500,000 and $79,000 to common and preferred shareholders,
respectively, on December 15, 2018. On February 28, 2018, Dow sold
64,000 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 730,000 shares of common stock and 43,000 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 preferred shareholders,
respectively, on December 15, 2018.
On February 28, 2018, Dow sold 60,000 common shares. In keeping
with its long-term share repurchase plan, 2,000 shares were retired
on July 1. Dow's net income...
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