Answered step by step
Verified Expert Solution
Question
...
1 Approved Answer
During the whole year of 2 0 2 4 , Sanchez Inc. had the following convertible securities outstanding: 1 ) . $ 3 3 0
During the whole year of Sanchez Inc. had the following convertible securities outstanding: $ par value of dividend rate $ par value per share. shares outstanding noncumilative preferred stock. Each share is convertible into shares of common stock, Dividend of $ to preferred stock were declared for current year. $ of convertible bonds issued at par. Interest expensed for the bond is $ These bond can be converted into shares of common stock. $ of convertible bonds issued at par.Interest expense for the bond is $ These bonds can be converted into shares of common stock. In addition, Sanchez Inc. had the unexercised compensatory share options to purchase share of common stock at exercise price $ per share were outstanding at the beginning and end of The average market price of common stock was $ per shre during The unexpensed compendation cost for the share option is $ Sanches Inc., has an income tax rate of Its reported net income for was $ and it had shares of weighted average common stock outstanding for the year. Require: please round EPS to two decimals Calculate Basic Earnings Per Share and Diluted Earning Per Share for the company.
During the whole year of Sanchez Inc. had the following convertible securities outstanding:
$ par value of dividend rate $ par value per share. shares outstanding noncumilative preferred stock. Each share is convertible into shares of common stock, Dividend of $ to preferred stock were declared for current year.
$ of convertible bonds issued at par. Interest expensed for the bond is $ These bond can be converted into shares of common stock.
$ of convertible bonds issued at par.Interest expense for the bond is $ These bonds can be converted into shares of common stock.
In addition, Sanchez Inc. had the unexercised compensatory share options to purchase share of common stock at exercise price $ per share were outstanding at the beginning and end of The average market price of common stock was $ per shre during The unexpensed compendation cost for the share option is $
Sanches Inc., has an income tax rate of Its reported net income for was $ and it had shares of weighted average common stock outstanding for the year.
Require: please round EPS to two decimals
Calculate Basic Earnings Per Share and Diluted Earning Per Share for the company.
Step by Step Solution
There are 3 Steps involved in it
Step: 1
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-text-image.webp)
Get Instant Access with AI-Powered Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Step: 3
![blur-text-image](https://dsd5zvtm8ll6.cloudfront.net/includes/images/document_product_info/blur-subtext-image.webp)
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started