Question
Information from the financial statements of Henderson-Niles Industries included the following at December 31, 2016: Common shares outstanding throughout the year 100 million Convertible preferred
Information from the financial statements of Henderson-Niles Industries included the following at December 31, 2016: Common shares outstanding throughout the year 100 million Convertible preferred shares (convertible into 25 million shares of common) 80 million Convertible 10% bonds (convertible into 19.5 million shares of common) $ 2,900 million Henderson-Niles net income for the year ended December 31, 2016, is $980 million. The income tax rate is 40%. Henderson-Niles paid dividends of $2 per share on its preferred stock during 2016. Required: Compute basic and diluted earnings per share for the year ended December 31, 2016. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).)
Basic 820/100=8.20 this is correct
i need for Dilutet ??? answer 1 154 /144.5 is incorrect
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