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On Jan 1, 2019 Zibeon, Inc. had 8,400,000 shares of Class A common stock outstanding. On August 1, 2019 the company purchased 560,000 treasury shares.
On Jan 1, 2019 Zibeon, Inc. had 8,400,000 shares of Class A common stock outstanding. On August 1, 2019 the company purchased 560,000 treasury shares. The board declared a 3-for-1 stock split on Oct 1, 2019. The only potentially dilutive security was $20,000,000 of 6.2% debentures, each with a face value of $1,000. The debentures had been issued in 2014 and were convertible into 20 shares of common stock. The companys 2018 net income was $24,660,000. The tax rate was 30%.
Please Calculate basic and fully diluted eps.
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