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The shareholders' equity of Cameron Coro as of 31 December 20X6, the end of the current iscal year, is as follows: $1 cumulative preferred shares, ne par, convertible at the rate of 2 for-1 270.000 shares outstanding Common shares, na-aar; 1,900,000 shares outstanding Common stock conversion rights Retained namings 59,160,000 16,000,000 247,000 301,760 OCID Adallional information: . On 1 July 20X6, 182,000 preferred shares were converted to common shares at the rate of 2-for-1. . During 20X6, Cameron had convertible subordinated debentures outstanding with a face value of $4,160,000. The debentures are due in 20X2, at which time they may be converted common shares or repaid at the option of the holder. The conversion rate is 10 common shares for each $100 debenture. Interest expense of $191,000 was recorded in 20x6. The convertble preferred shares had been issued in 20X0. Quarterly dividende, on 31 March, 30 June, 30 September, and 31 December, have been regularly declarec. The company's 20x6 net earnings were $2,321,000, after tax at 25%. Common shares traded for an average pn e price of $34, stable in each quarter of the year. Cameron had certain employee stock options outstanding all year. The options were to purchase 440.000 common shares at a price of $30 per share. The options become exercisable in 20X3. Cameron had another 116,000 employee stock options outstanding on 1 January 20X6, at an exercise price of $38. They expired on 30 June 20x6. Required: 1. Calculate the basic EPS (Do not round intermediate calculations. Round your answer to 2 decimal places.) Basic EPS s 1.14 2. Calculate the Individual effects for preferred shares (converled), preferred shares, (unconverted) and debenlures. Do not round intermediate calculations. Round your answers to 2 decimal places.) Individual Preferred shares, converted Preferred shares, unconverted Dabentures Effects 1.14 1.12 1.01 3. Calculate the Diluted EPS. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Diluted EPS $ 0.92 The shareholders' equity of Cameron Coro as of 31 December 20X6, the end of the current iscal year, is as follows: $1 cumulative preferred shares, ne par, convertible at the rate of 2 for-1 270.000 shares outstanding Common shares, na-aar; 1,900,000 shares outstanding Common stock conversion rights Retained namings 59,160,000 16,000,000 247,000 301,760 OCID Adallional information: . On 1 July 20X6, 182,000 preferred shares were converted to common shares at the rate of 2-for-1. . During 20X6, Cameron had convertible subordinated debentures outstanding with a face value of $4,160,000. The debentures are due in 20X2, at which time they may be converted common shares or repaid at the option of the holder. The conversion rate is 10 common shares for each $100 debenture. Interest expense of $191,000 was recorded in 20x6. The convertble preferred shares had been issued in 20X0. Quarterly dividende, on 31 March, 30 June, 30 September, and 31 December, have been regularly declarec. The company's 20x6 net earnings were $2,321,000, after tax at 25%. Common shares traded for an average pn e price of $34, stable in each quarter of the year. Cameron had certain employee stock options outstanding all year. The options were to purchase 440.000 common shares at a price of $30 per share. The options become exercisable in 20X3. Cameron had another 116,000 employee stock options outstanding on 1 January 20X6, at an exercise price of $38. They expired on 30 June 20x6. Required: 1. Calculate the basic EPS (Do not round intermediate calculations. Round your answer to 2 decimal places.) Basic EPS s 1.14 2. Calculate the Individual effects for preferred shares (converled), preferred shares, (unconverted) and debenlures. Do not round intermediate calculations. Round your answers to 2 decimal places.) Individual Preferred shares, converted Preferred shares, unconverted Dabentures Effects 1.14 1.12 1.01 3. Calculate the Diluted EPS. (Do not round intermediate calculations. Round your answer to 2 decimal places.) Diluted EPS $ 0.92
