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please calculate both badic and diluted earnings per share Stewart Stamping began the current year with 400.000 common shares outstanding and issued an additional 150,000
please calculate both badic and diluted earnings per share Stewart Stamping began the current year with 400.000 common shares outstanding and issued an additional 150,000 shares on September 1 The firm has $10,000,000, 2.5% convertible bonds outstanding for a full year (t.e. 5250,000 coupon Interest per year), which are convertible into 325.000 shares common stock. The firm issued the bonds at par and did not convert any during the current year It also had $1,150,000 par value, 3% nonconvertible, noncumulative preferred stock outstanding for the full year and declared dividends for the current year. The company is subject to a 40% effective tax rate and net income is $3,500,000 Requirement Based on this information, compute basic and died earning per share for the current year Compute the basic earings per share for the current year (Round the earnings per share (EPS) to the nearest cont xxx) The basic earnings per share la s
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