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Mice 2 Fall 2020 reused 9 On December 31, 2020, SachsCorp had outstanding 600.000 shares of common stock and 50.000 shares of 8% cumulative preferred
Mice 2 Fall 2020 reused 9 On December 31, 2020, SachsCorp had outstanding 600.000 shares of common stock and 50.000 shares of 8% cumulative preferred stock (par $40). 20 April 30, 2021, issued an additional 48,000 shares of common stock August 1, 2021.9,000 shares were retired. A 6% stock dividend was declared and distributed on July 1, 2021 At year-end, there were fully vested incentive stock options outstanding for 90,000 shares of common stock (adjusted for the stock dividend) The exercise price was $24. The market price of the common stock averaged $27 during the year Also outstanding were $1,000,000 face amount of 2% convertible bonds issued in 2018 at par, Each $1,000 bond was convertible into 35 common shares (adjusted for the stock dividend), Net income was $1.200,000. The tax rate for the year was 35% Required Compute basic and diluted EPS (two EPS calculations) for the year ended December 31, 2021 (Show all work for full credit Round your answers to 3 decimal places.) Thonon
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