Answered step by step
Verified Expert Solution
Question
1 Approved Answer
13. (8 points) For the year ended 31 December 2019, Wiley Company had net income of $2,800,000. The company had an average of 608,000 shares
13. (8 points) For the year ended 31 December 2019, Wiley Company had net income of $2,800,000. The company had an average of 608,000 shares of common stock outstanding, 28,000 shares of convertible preferred, and no other potentially dilutive securities. Each share of preferred pays a dividend of $12 per share, and each is convertible into 12 shares of the company's common stock. Calculate the company's basic and diluted EPS. 14. (8 points) Delcor Company reported net income of $2.8 million for the year ended 30 June 2020 and had an average of 780,000 common shares outstanding. The company has outstanding 40,000 options with an exercise price of $40 and no other potentially dilutive securities. Over the year, the company's market price has averaged $48 per share. Calculate the company's basic and diluted EPS. 13. (8 points) For the year ended 31 December 2019, Wiley Company had net income of $2,800,000. The company had an average of 608,000 shares of common stock outstanding, 28,000 shares of convertible preferred, and no other potentially dilutive securities. Each share of preferred pays a dividend of $12 per share, and each is convertible into 12 shares of the company's common stock. Calculate the company's basic and diluted EPS. 14. (8 points) Delcor Company reported net income of $2.8 million for the year ended 30 June 2020 and had an average of 780,000 common shares outstanding. The company has outstanding 40,000 options with an exercise price of $40 and no other potentially dilutive securities. Over the year, the company's market price has averaged $48 per share. Calculate the company's basic and diluted EPS
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started