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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:
ACTG Excel Assignment #
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 cells that are completed correctly. Use cell referencing where you can and work
in order ie start with required #
The information below pertains to Hood Company for
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 shares of common stock at
$ per share.
Required Calculate the following:
Preferred dividends paid
Basic earnings per share
Incremental shares issued for stock options
Incremental shares issued for convertible bonds
Interest savings for convertible bonds inclusive of tax effect
EPS effect of convertible, cumulative preferred stock numeratordenominator impact
Final diluted earnings per share
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