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ACTG 3 8 2 Excel Assignment # 3 Required: Using the data below, calculate the seven required items related to EPS and diluted EPS. Tips:

ACTG382 Excel Assignment #3
Required: Using the data below, calculate the seven required items related to EPS and diluted EPS.
Tips: This spreadsheet contains macros which will provide realtime feedback on EACH cell in the shaded area. Your score on the
assignment will be calculated based upon the % of the 7 cells that are completed correctly. Use cell referencing where you can and work
in order (i.e. start with required #1).
The information below pertains to Hood Company for 2026.
Net income for the year
There were no changes during the year in the number of common shares, preferred shares, or convertible bonds outstanding. There is no
treasury stock. The company also has common stock options (granted in a prior year) to purchase 120,000 shares of common stock at
$12 per share.
Required - Calculate the following:
1 Preferred dividends paid
2 Basic earnings per share
3 Incremental shares issued for stock options
4 Incremental shares issued for convertible bonds
5 Interest savings for convertible bonds (inclusive of tax effect)
6 EPS effect of convertible, cumulative preferred stock (numerator/denominator impact)
7 Final diluted earnings per share
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