Financial Accounting

ary 1st, 2020, Quynh Huong Nguyen Corporation had 1,200,000 common shares outstanding. On April 1, 2020, 120,000 common shares were issued and on September 1, 2020, Quynh Huong bought back 180,000 shares. The market price of the common shares averaged $50.00 during 2020. The corporation's income tax rate is 40.0%. -020, there were 180,000 call options to buy common shares at $ 40,00 a share outstanding, and there were 120,000, $7.00, no par value, cumulative and convertible preferred shares ling. Each preferred share is convertible into three common shares 019, the corporation had issued $ 12,000,000 of 8.0% convertible bonds at face value. Each $1,000 bond is convertible into 20 common shares. oration reported $ 4,500,000 net income for calendar 2020. hat type of Capital Structure does Quynh Huong Nguyen Corporation have? lculate the required earnings per share for 2020. olbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). I Q ex? X2 > U S Paragraph Arial 14px HI RE #HE 0 + T STTI 3 ary 1st, 2020, Quynh Huong Nguyen Corporation had 1,200,000 common shares outstanding. On April 1, 2020, 120,000 common shares were issued and on September 1, 2020, Quynh Huong bought back 180,000 shares. The market price of the common shares averaged $50.00 during 2020. The corporation's income tax rate is 40.0%. -020, there were 180,000 call options to buy common shares at $ 40,00 a share outstanding, and there were 120,000, $7.00, no par value, cumulative and convertible preferred shares ling. Each preferred share is convertible into three common shares 019, the corporation had issued $ 12,000,000 of 8.0% convertible bonds at face value. Each $1,000 bond is convertible into 20 common shares. oration reported $ 4,500,000 net income for calendar 2020. hat type of Capital Structure does Quynh Huong Nguyen Corporation have? lculate the required earnings per share for 2020. olbar, press ALT+F10 (PC) or ALT+FN+F10 (Mac). I Q ex? X2 > U S Paragraph Arial 14px HI RE #HE 0 + T STTI 3