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pleasee help me with this and make sure its correct An excerpt from the statement of financial position of Crane Limited follows: December 31,2023 1.
pleasee help me with this and make sure its correct
An excerpt from the statement of financial position of Crane Limited follows: December 31,2023 1. Options were granted/written in 2022 that give the holder the right to purchase 100,000 common shares at $9 per share. The average market price of the company's common shares during 2023 was $16 per share. The options expire in 2031 and no options were exercised in 2023. 2. The 4% bonds were issued in 2022 at face value. The 6% bonds were issued on June 1, 2023, at face value. Each bond has a face value of $1,000 and is convertible into 100 common shares. 3. The convertible preferred shares were issued at the beginning of 2023. Each preferred share is convertible into one common share. 4. The average income tax rate is 2.5% 5. The common shares were outstanding during the entire year. 6. Preferred dividends were not declared in 2023 7. Net income was $2,701,000 in 2023. 8. No bonds or preterred shares were converted during 2023. Calculate the income effect of the dividends on preferred shares. Dividends on preferred shares Calculate basic earnings per share for 2023. (Round answer to 2 decimal places, eg. 15.25.) Determine an incremental per share effect for $0.70 preferred shares. (Round answer to 2 decimal places, eg. 15.25.) Calculate the proceeds from assumed exercise of 100,000 options. (Round answer to 0 decimal places, es. 1,525.) Proceeds from exercise of options Calculate the incremental shares oustanding upon the exercise of options. (Round answer to 0 decimal ploces, es. 1,525) The incremental shares oustanding upon the exercise of options Calculate the after-tax interest paid on the 4% bonds. After-tax interest on 4% bonds converted Determine an incremental per share effect for 4% bonds. (Round eornings per share to 2 decimal places, eg. 15.25.) Calculate the after taxinterest paid on the 6% bonds. Calculate the after-tax interest paid on the 6% bonds. After-tax interest on 6% bonds converted eTextbook and Media Determine an incremental per share effect for 6% bonds. (Round earnings per share to 2 decimal ploces, e. 15.25.) Rank the potentially dilutive securities from most dilutive to least dilutive. Rank the potentially dilutive securities from most dilutive to least dilutive. eTextbook and Media Calculate aluted earnines per share for 2023, (Round earnings per share to 2 decimol places, es. 15.25) Calculate diluted earnings per share for 2023 , (Round earnings per share to 2 decimal places, eg. 15.25) Diluted EPS Step by Step Solution
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