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Current Attempt in Progress At December 31, 2021, Merriam Corporation had outstanding: 10% cumulative, nonconvertible preference shares, par value CHF100; 100,000 shares authorized, 45,000
Current Attempt in Progress At December 31, 2021, Merriam Corporation had outstanding: 10% cumulative, nonconvertible preference shares, par value CHF100; 100,000 shares authorized, 45,000 shares issued and outstanding Ordinary shares, par value CHF 5,000,000 shares authorized, 2,000,000 shares issued and outstanding Convertible bonds payable CHF 4,500,000 2,000,000 3,000,000 Other information: 1. 2. Options were granted in July 2019 to purchase 60,000 ordinary shares at CHF20 per share. The average market price of Merriam's ordinary shares during 2022 was CHF30 per share. All options are still outstanding at the end of 2022. The convertible bonds were issued in 2021. Each convertible bond (CHF1,000 face value) is convertible into 40 ordinary shares. In 2022, interest expense of CHF240,000 on the liability component of the convertible bonds) is recorded. The average income tax rate is 40 percent. 3. 4. 500,000 additional ordinary shares were issued on April 1, 2022. 5. Preference dividends were not declared in 2022. 6. Net income was CHF4,725,000 in 2022. Compute basic and diluted earnings per share for 2022. (Round answers to 2 decimal places, e.g. 52.75.) Basic EPS CHF Diluted EPS CHF
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