Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

pls answer Current Attempt in Progress Rockland Corporation earned net income of $300,000 in 2020 and had 100.000 shares of common stock outstanding throughout the

pls answer
image text in transcribed
image text in transcribed
image text in transcribed
Current Attempt in Progress Rockland Corporation earned net income of $300,000 in 2020 and had 100.000 shares of common stock outstanding throughout the year. Also outstanding all year was $800,000 of 5 bonds, which are convertible into 16,000 shares of common Rockland's tax rate is 20 percent Compute Rockland's 2020 diluted earnings per share. (Round answer to 2 decimal places, as 355) Diluted earnings per share $ Current Attempt in Progress Dicenta Corporation reported net income of $270,000 in 2020 and had 50,000 shares of common stock outstanding throughout the year. Also outstanding all year were 5,000 shares of cumulative preferred stock each convertible into 2 shares of common. The preferred stock pays an annual dividend of $5 per share DiCenta's tax rates 20% Compute DICenta's 2020 diluted earnings per share. (Round answer to 2 decimal places. 08:3.55) Dilluted earnings per share $ View Policies Current Attempt in Progress Bedard Corporation reported net income of $300.000 in 2020 and had 200.000 shares of common stockoutstanding throughout the year. Also outstanding all year were 45.000 options to purchase common stock at $10 per share. The average market price of the stock during the year was $15. Compute diluted earnings per share. (Round answer to 2 decimal places g. 355) Diluted earnings per share $

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

International Finance A Practical Perspective

Authors: Adrian Buckley

1st Edition

0273731866, 9780273731863

More Books

Students also viewed these Accounting questions