Question
On January 1, 2011 TESLA . had 150,000 shares, On April 1, 2011 TESLA sold 48000 shares, on July 1,2011 TESLA makes a 2:1 stock
On January 1, 2011 TESLA . had 150,000 shares, On April 1, 2011 TESLA sold 48000 shares, on July 1,2011 TESLA makes a 2:1 stock split on Dec 1, 2011 TESLA distribute 0.1 stock dividend, Net income for 2011 was $2200000. The tax rate was 0.42. In addition, TESLA had the following equity securities on its books on December 31, 2011: a. 25,000 shares of $100 par, 0.15 cumulative preferred stock b. 40,000 shares of $100 par, 0.13 cumulative preferred stock, par $100, Each share of preferred stock is convertible into 12 shares of common stock.
What is the TESLA weighted average number of shares for 2011 Answer for part 1
What is the basic EPS for 2011 Answer for part 2
what is the diluted EPS for 2011
Step 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