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for question 1 i got 5/10 so most of the numbers in that are wrong and everything else is wrong Keview the following information relative
for question 1 i got 5/10 so most of the numbers in that are wrong and everything else is wrong
Keview the following information relative to Logjam uC for 2025 : Net Income \begin{tabular}{lcc} \hline Transactions in Common Shares & 5,000,000 \\ \hline Jan. 1, 2025, Beginning number & Change & Cumulative \\ Apr. 1, 2025, Issuance of Shares & & 500,000 \\ June 1, 2025, Stock split 3-1 & 120,000 & 620,000 \\ Sep. 1, 2025, Purchase of Treasury Shares & 620,000 & 1,860,000 \\ \hline 7% Cumulative Convertible Preferred Stock & (300,000) & 1,560,000 \\ \hline \end{tabular} Sold at par, convert (adjusted for split). Stock Options Exercisable at the option price of $30 per share. Average market price in 2025,$45130,000 shares (market price and option price adjusted for split). 1. Compute weighted average shares outstanding Point Value: 10 \begin{tabular}{|l|c|c|c|c|} \hline \multicolumn{5}{|c|}{ Weighted Average Shares Outstanding } \\ \hline Dates Outstanding & \begin{tabular}{c} Shares \\ Outstanding \end{tabular} & Restatement & \begin{tabular}{c} Fraction of the \\ Year \end{tabular} & \begin{tabular}{c} Weighted \\ Shares \end{tabular} \\ \hline Jan 1- May 30 & 620,000 & 3 & 3/7 & 775,000 \\ Jun 1-Aug 30 & 1,860,000 & & 1/4 & 465,000 \\ Sept 1-Dec 30 & 1,560,000 & & 1/3 & 520,000 \\ \hline Total & & & 1 & 1,760,000 \\ \hline \end{tabular} 2. Compute Basic Earnings Per Share Point Value: 5 \begin{tabular}{|l|l|l|} \hline Basic Earnings Per Share: & 2.16 & \\ \hline \hline \end{tabular} 3. Compute Diluted Earnings Per Share Point Value: 10 \begin{tabular}{|l|c|} \hline \multicolumn{2}{|c|}{ Diluted Earnings Per Share } \\ \hline Shares from Preferred Stock & 67,200 \\ Shares issued upon exercise of options & 130,000 \\ \hline Treasury shares purchased with stock option funds & \\ \hline Shares Outstanding for DEPS & 2 \\ \hline \end{tabular} Diluted Earnings Per Share: (197,197.84) Step by Step Solution
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