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Pryor Company provided the following information for the current year. Net income is $8.112,200, and the company is subject to a 40% tax rate.
Pryor Company provided the following information for the current year. Net income is $8.112,200, and the company is subject to a 40% tax rate. For the entire year, there are 1,021,200 shares of outstanding common stock with an average market price of $30 per share Click the icon to view the additional information) Read the outrements Requirement a Based on the information provided, compute basic and diluted earnings per share (EPS) for the current year include all compulations related to the application of antidilution sequencing Begin by calling the incremental income per share on each of the potentially diutive securities and ranking their order of entry into the EPS computation (Complete at input fields. Enter a "" for any zes balances. Round the incremental income per share amounts to the nearest cent SX.X) Rank Order of Increase in the Potentially Dilutive Security in Income Number of Common Shares Incremental Income per Share Entry into the EPS Computation 10.000 5 Convertible preferat stock 612,000 2005 Convert deb 277,820 555,240 7.10 0.50 2nd R 3rd
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