blem Set Help Save & Exit Exercise 1 9 - 1 9 ( Algo ) EPS; stock
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Exercise Algo EPS; stock dividend; nonconvertible preferred stock; treasury shares; shares sold; stock options; convertible bonds LO
On December Berclair Incorporated had million shares of common stock and million shares of $ par value cumulative preferred stoek issued and outstanding.
On Marcht Bercitition burchased million shares of its common stock as treasury stock.
Berclair issued a commop stock dividend on July
Four million treasury shares were sold on October
Net income for the year ehded December was $ million.
The income tax rate is
Also outstanding at Dedember were incentive stock options granted to key executives on September
The options are exercisable as of September for millin common shares at an exercise price of $ per share.
During the market price of the common shares averaged $ persthare.
In $ million of bonds, convertible into million common shares, were issued at face value.
Required:
Compute Berclair's basic and diluted earnings per share for the year ended December Shares for stock options and conversion of convertible securities have been adjusted for any stock split or stock dividend.
Note: Do not round intermediate calculations. Enter your answers in millions ie should be entered as
tableNumerator,Denominator,Earnings per ShareBasicDiluted
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