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 0.11 stock dividend,
Net income for 2011 was $2200000. The tax rate was 0.39. 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, 0.1 cumulative preferred stock, par $100, Each share of preferred stock is convertible into 12 shares of common stock.
1. What is the TESLA weighted average number of shares for 2011
2. What is the basic EPS for 2011
3. what is the diluted EPS for 2011
please solve as soon as
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