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A 2 0 - 2 9 EPS, Cascade ( LO 2 0 - 2 , 2 0 - 3 , 2 0 - 4 )
A EPS, Cascade LO
Ashante Sports Collections LtdASCL ended with common shares outstanding, after issuing common shares for cash on December. The tax rate is There were no other common share transactions during the period. Net earnings were $ The following elements are part of ASCL's capital structure:
a ASCL had $par value of bonds payable outstanding during the year. The bonds are convertible into common shares for each $ bond. Bond interest expense was $ for the year.
b ASCL had options outstanding throughout to purchase common shares for $ per share. The average share price during the year was $ The options were not exercisable until
c ASCL had $ preferred shares outstanding. The shares were cumulative. No dividends were declared in X The shares were convertible into common shares.
d ASCL had a contingent share agreement outstanding to issue common shares to the prior shareholders of a company that ASCL had acquired in X The shares become issuable if the acquired company's operations accumulate $ of postacquisition earnings before the end of Earnings have been $ to date, and the target is expected to be met in
e ASCL had $par value of bonds payable, issued on March The bonds are convertible into common shares for each $ bond. Bond interest expense was $ for the months of the year that the bond was outstanding.
Required:
Compute basic and diluted EPS for XDo not round intermediate calculations. Round your answers to decimal places.
table
Please redo first answer provided was incorrect
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