Save Homework: Chapter 20 Homework Score: 2.09 of 10 pts E20-10 (similar to) 11 of 11 (10 complete) HW Score: 70.08%, 77.09 of 110 pts Question Help Robey Company provided the following information for the current year. Net income is $8,112,500, and the company is subject to a 30% tax rate. For the entire year. there are 1,020,500 shares of outstanding common stock with an average market price of $30 per share. i (Click the icon to view the information.) Read the requirements. A Requirements Include all computations related to the Requirement a. Based on the application of antidilution seqy entry into the EPS computation. arest cent, $X.XX.) Begin by calculating the increr (Complete all answer boxes. a. Based on the information provided, compute basic and diluted earnings per share for the current year. Include all computations related to the application of antidilution sequencing. b. Prepare the required income statement disclosures beginning with net income. 4 Print Done Potentially Dilutive Security Employee options 6.30 3rd 636130 85,100 $ More Info de all The company had three potentially dilutive securities outstanding for the full year. There are qualified employee options to acquire 98,700 shares of common stock at an exercise price of $29 per share. The stockholders' equity section of the balance sheet includes 85,100 shares of convertible preferred stock. The board of directors declared preferred dividends of $6.30 per share for the year. Each preferred share is convertible into 1 share of common stock. Finally, the company issued $6,540,000 face value, 9% convertible bonds at par value on January 1. Each $1,000 par value bond is convertible into 89 shares of common stock. Into the ent, SX Print Done umber in the input fields and then click Check Answer Clear All Robey Company provided the following information for the current year. Net income is 58,112,500, and the company is subject to a 30% tax rate. For the entire year there are 1,020,500 shares of outstanding common stock with an average market price of $30 per share. (Click the icon to view the information.) Read the requirements. Increase in Income Rank Order of Entry into the EPS Computation Potentially Dilutive Security Increase in the Incremental Number of Income per Common Shares Share 3,290 $ 85,100 $ 582,060 $ 6.30 Employee options Convertible preferred stock Convertible debt 536,130 412,020 1st 3rd 2nd Complete the table below to calculate the basic and diluted EPS for the current year and to identify whether each security is dilutive or antidilutive. (Complete all answer boxes. Enter a "0" for any zero balances. Round all per share amounts to the nearest cent, SX XX.) Income Available Choose from any list or enter any number in the input fields and then click Check Answer Chock Answer E20-10 (similar to) Question Help Robey Company provided the following information for the current year. Net income is $8,112,500, and the company is subject to a 30% tax rate. For the entire year. there are 1,020,500 shares of outstanding common stock with an average market price of $30 per share. (Click the icon to view the information.) nend Read the requirements. Income Available to Common Shareholders Common Per Description Shares Share Basic EPS Net income available to common 1st: 2nd: Choose from any list or enter any number in the input fields and then click Check Answer. Check Answer Clear All part Robey Company provided the following information for the current year. Net income is $8,112,500, and the company is subject to a 30% tax rate. For the entire year. there are 1,020,500 shares of outstanding common stock with an average market price of $30 per share. i (Click the icon to view the information.) ent Read the requirements Basic EPS Net income available to common 1st: 2nd: D 3rd: Choose from any list or enter any number in the input fields and then click Check Answer Check Answer Clear All part remaining Save Homework: Chapter 20 Homework Score: 2.09 of 10 pts E20-10 (similar to) 11 of 11 (10 complete) HW Score: 70.08%, 77.09 of 110 pts Question Help Robey Company provided the following information for the current year. Net income is $8,112,500, and the company is subject to a 30% tax rate. For the entire year. there are 1,020,500 shares of outstanding common stock with an average market price of $30 per share. i (Click the icon to view the information.) Read the requirements. A Requirements Include all computations related to the Requirement a. Based on the application of antidilution seqy entry into the EPS computation. arest cent, $X.XX.) Begin by calculating the increr (Complete all answer boxes. a. Based on the information provided, compute basic and diluted earnings per share for the current year. Include all computations related to the application of antidilution sequencing. b. Prepare the required income statement disclosures beginning with net income. 4 Print Done Potentially Dilutive Security Employee options 6.30 3rd 636130 85,100 $ More Info de all The company had three potentially dilutive securities outstanding for the full year. There are qualified employee options to acquire 98,700 shares of common stock at an exercise price of $29 per share. The stockholders' equity section of the balance sheet includes 85,100 shares of convertible preferred stock. The board of directors declared preferred dividends of $6.30 per share for the year. Each preferred share is convertible into 1 share of common stock. Finally, the company issued $6,540,000 face value, 9% convertible bonds at par value on January 1. Each $1,000 par value bond is convertible into 89 shares of common stock. Into the ent, SX Print Done umber in the input fields and then click Check Answer Clear All Robey Company provided the following information for the current year. Net income is 58,112,500, and the company is subject to a 30% tax rate. For the entire year there are 1,020,500 shares of outstanding common stock with an average market price of $30 per share. (Click the icon to view the information.) Read the requirements. Increase in Income Rank Order of Entry into the EPS Computation Potentially Dilutive Security Increase in the Incremental Number of Income per Common Shares Share 3,290 $ 85,100 $ 582,060 $ 6.30 Employee options Convertible preferred stock Convertible debt 536,130 412,020 1st 3rd 2nd Complete the table below to calculate the basic and diluted EPS for the current year and to identify whether each security is dilutive or antidilutive. (Complete all answer boxes. Enter a "0" for any zero balances. Round all per share amounts to the nearest cent, SX XX.) Income Available Choose from any list or enter any number in the input fields and then click Check Answer Chock Answer E20-10 (similar to) Question Help Robey Company provided the following information for the current year. Net income is $8,112,500, and the company is subject to a 30% tax rate. For the entire year. there are 1,020,500 shares of outstanding common stock with an average market price of $30 per share. (Click the icon to view the information.) nend Read the requirements. Income Available to Common Shareholders Common Per Description Shares Share Basic EPS Net income available to common 1st: 2nd: Choose from any list or enter any number in the input fields and then click Check Answer. Check Answer Clear All part Robey Company provided the following information for the current year. Net income is $8,112,500, and the company is subject to a 30% tax rate. For the entire year. there are 1,020,500 shares of outstanding common stock with an average market price of $30 per share. i (Click the icon to view the information.) ent Read the requirements Basic EPS Net income available to common 1st: 2nd: D 3rd: Choose from any list or enter any number in the input fields and then click Check Answer Check Answer Clear All part remaining