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At January 1 , 2 0 2 4 , M . E . Gainor Corporation had outstanding the following securities: 6 0 0 million common
At January M E Gainor Corporation had outstanding the following securities:
million common shares
million cumulative preferred shares, $ par
convertible bonds, $ million face amount, convertible into million common shares
The following additional information is available:
On September M E Gainor sold million additional shares of common stock.
Incentive stock options to purchase million shares of common stock after July at $ per share, were outstanding at the beginning and end of The average market price of Gainors common stock was $ per share during
Gainor's net income for the year ended December was $ million. The effective income tax rate was
Required:
& Calculate basic and the diluted earnings per common share for the year ended December
Note: Do not round intermediate calculations. Except for per share amounts, enter your answers in millions ie should be entered as Round "Earnings per share" answer to decimal places.
Required:
& Calculate basic and the diluted earnings per common share for the year ended December
Note: Do not round intermediate calculations. Except for per share amounts, enter your answers in millions ie
should be entered as Round "Earnings per share" answer to decimal places.
Answer is complete but not entirely correct.
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