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6. Given the financial statements, calculate the basic earnings per share and the dilutive earnings per share for the year ended 2022. Accordingly, find
6. Given the financial statements, calculate the basic earnings per share and the dilutive earnings per share for the year ended 2022. Accordingly, find the weighted average number of shares outstanding, and thereafter, find the basic and dilutive EPS, given that the company also has a dilutive security represented in 15,000 preferred stocks that pay 40% of the dividends reported in the income statement and are convertible into two common stocks each. In addition to $60,000 of 4.5% convertible bonds, there is a total of 12,000 common shares. Consider the following information: (10 marks) Date Jan - 22 Apr - 22 July -22 Oct - 22 31-Dec-22 Shares Changes Beginning balance 30,000 Shares issued. 40,000 Share repurchased 50% stock dividend Year-end Balance Shares Outstanding 100,000 130,000 90,000 135,000 135,000 2
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To calculate the basic and dilutive earnings per share EPS for the year ended 2022 we need to follow these steps Calculate the weighted average number ...Get Instant Access to Expert-Tailored Solutions
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