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Olmstead Corporation's capital structure is as follows: The following additional information is available: On September 1 , 2 0 1 9 , Olmstead sold 3
Olmstead Corporation's capital structure is as follows:
The following additional information is available:
On September Olmstead sold additional shares of common stock.
Net income for the year ended December was $
During Olmstead paid dividends of $ per share on its nonconvertible preferred stock.
The convertible bonds are convertible into shares of common stock for each $ bond.
Unexercised compensatory share options to purchase shares of common stock at $ per share were outstanding at the beginning and end of The
common stock was $ per share during The market price was $ per share at December The unrecognized compensation cost net of tax relate
Warrants to purchase shares of common stock at $ per share were attached to the preferred stock at the time of issuance. The warrants, which expire or
outstanding at December
Olmstead's effective income tax rate was for and
Required:
Round earnings per share to two decimal places.
Compute the number of shares that should be used for the computation of basic earnings per share for the year ended December
shares
Compute the basic earnings per share for the year ended December
$
per share
Compute the number of shares that should be used for the computation of diluted earnings per share for the year ended December
x shares
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