Answered step by step
Verified Expert Solution
Question
1 Approved Answer
looking for dileted EPS numerator and pls show work..thanks Information from the financial statements of Ames Fabricators, Inc, included the following: December 31 2018 2017
looking for dileted EPS numerator and pls show work..thanks
Information from the financial statements of Ames Fabricators, Inc, included the following: December 31 2018 2017 100,000 100,000 Common shares Convertible preferred shares (convertible into 64,000 shares of common) 10% convertible bonds (convertible into 20,000 shares of common) 31,200 31,200 $1,000,000 $1,000,000 Ames's net income for the year ended December 31, 2018, is $820,000. The income tax rate is 400 Ames paid dividends of $5 per share on its preferred stock during 2018 Required: Compute basic and diluted earnings per share for the year ended December 31, 2018. (Enter your answers in thousands.) Numerator $ 664 7 / Denominator 100 184 Basic EPS Diluted EPS - = = Earnings per Share $ 6.64Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started