Question
nformation from the financial statements of Ames Fabricators, Incorporated included the following: December 31 2024 2023 Common shares 100,000 100,000 Convertible preferred shares (convertible into
nformation from the financial statements of Ames Fabricators, Incorporated included the following:
December 31 | ||
2024 | 2023 | |
---|---|---|
Common shares | 100,000 | 100,000 |
Convertible preferred shares (convertible into 82,000 shares of common) | 32,400 | 32,400 |
8% convertible bonds (convertible into 30,000 shares of common) | $ 1,000,000 | $ 1,000,000 |
Amess net income for the year ended December 31, 2024, is $840,000. The income tax rate is 25%. Ames paid dividends of $5 per share on its preferred stock during 2024.
Required:
Compute basic and diluted earnings per share for the year ended December 31, 2024.
Note: Do not round intermediate calculations. Enter your answers in thousands (i.e., 10,000 should be entered as 10).
numerator denominator EPS
Basic ? ?
Diluted ? ?
I need the numerator and denominator for both basic and diluted that calculates the EPS, thank you!
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