Assume that the following data relate to Rosen, Inc. for the year 2017: Net income (40% tax rate) $5,300,000 Average common shares outstanding 1,000,000 shares 8% cumulative convertible preferred stock, convertible into 90,000 shares of common stock $2,000,000 6% convertible bonds, convertible into 75,000 shares of common stock $4,000,000 Stock options:  Average exercise price $30 per share Average market price $36 per share 48,000 shares   Compute basic earnings per share:   Compute diluted earnings per share:

1. (Earning per share ) On December 31, 2017, Harris Company had 70,000 shares of common stock outstanding for the entire year. On April 2018, harris purchased 2500 shares of common stock on the open market as treasury stock paying $45 per share and sold 1000 of the treasury share on June 1, 2018, for $47 per share. Harris issued a 15% common stock dividend on 9/2/2018. In addition, Harris had 5000 shares of 9% $50 par value, cumulative convertible preferred stock outstanding at December 31, 2017. Preferred dividends for 2018 amounted to $22,500. Each convertible preferred stock can be converted into two shares of common stock. No convertible preferred stock has been converted by 12/31/ 2018. Net income for 2018 was $253,267. The income rate is 25%. Other relevant information is as follows: Outstanding at December 31,2017 were stock options giving key personnel the option to buy 30,000( adjusted for the stock dividends) common stock shares at $45. DURING 2018, the average, market…

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please find basic earnings per share and diluted earnings per share

At the beginning of 2025, Sheffield Industries had 24,000 shares of common stock issued and outstanding and 500 of $1,000,6% bonds (issued at par), each convertible into 10 shares of common stock. During 2025, Sheffield had revenues of $155,000 and expenses other than interest and taxes of $106,000. Assume that the tax rate is 20%. None of the bonds was converted or redeemed. (a) Compute diluted earnings per share for 2025. (Round answer to 2 decimal places, e.g. 2.55.) Earnings per share (b) Assume the same facts as those assumed for part (a), except that the 500 bonds were issued on September 1, 2025 (rather than in a prior year), and none have been converted or redeemed. Compute diluted earnings per share for 2025. (Round answer to 2 decimal places, e.g. 2.55.) Earnings per share $ 1.35 Earnings per share 0,97 (c) Assume the same facts as assumed for part (a), except that 100 of the 500 bonds were actually converted on July 1, 2025. Compute diluted earnings per share for 2025.…

Carla Vista Corporation had net income of $42,000 for the year ended December 31, 2023, and weighted average number of common shares outstanding of 10,000. The following information is provided regarding the capital structure: 1. 2. (a1) (a2) 8% convertible debt, 210 bonds each convertible into 43 common shares. The bonds were outstanding for the entire year. The income tax rate is 35%. The bonds were issued at par ($1,150 per bond). No bonds were converted during the year. 3% convertible, cumulative $100 preferred shares, 1,000 shares issued and outstanding. Each preferred share is convertible into 2 common shares. The preferred shares were issued at par and were outstanding the entire year. No shares were converted during the year. Calculate the basic earnings per share for 2023. (Round answer to 2 decimal places, e.g. 15.25.) Basic earnings per share eTextbook and Media

Information from the financial statements of Henderson-Niles Industries included the following at December 31, 2016: Common shares outstanding throughout the year 100 million Convertible preferred shares (convertible into 32 million shares of common) 60 million Convertible 10% bonds (convertible into 13.5 million shares of common) $900 million Henderson-Niles’ net income for the year ended December 31, 2016, is $520 million. The income tax rate is 40%. Henderson-Niles paid dividends of $2 per share on its preferred stock during 2016. Required: Compute basic and diluted earnings per share for the year ended December 31, 2016.

Im, Incorporated had 52,000 shares of common stock outstanding at January 1, 2024. On March 31, 2024, an additional 12,400 shares were sold for cash, Im also had $4,200,000 of 6% convertible bonds outstanding throughout the year. The bonds are convertible into 42,000 shares of common stock. Net income for the year was $353,000. The tax rate is 25%. Required: Compute basic and diluted earnings per share for the year ended December 31, 2024. Note: Round your answers to 2 decimal places. Basic Diluted $ $ 5.76 5.25

The information below pertains to Pierpont Corp. for 2020: Net income, $1,200,000. Common Stock, $10 par value per share, total par value $3,000,000. D% Convertible and Cumulative Preferred Stock, S100 par value per share, each share convertible into 3 shares of common stock. The preferred stock was issued in 2018. Total par value $4,000,000. 7% Convertible Bonds Payable, issued at face value of $1,000 per bond, in 2019. Each bond is convertible into 30 shares on common stock. Total face value $2,000,000. Stock options granted in 2019 to purchase 75,000 shares of common stock at $20 per share, none of which have been exercised to date. Income tax rate, 20%. Average market price of the common stock during 2020 was $25 per share. There were no changes during 2020 in the number of common shares outstanding, number of preferred shares outstanding, or number of convertible bonds outstanding. There are no treasury shares held by Pierpont. REQUIRED: 1. Calculate basic earnings per share for…

Horticultural Products Inc. reported $545,863 profit in 2023 and declared preferred dividends of $47,200. The following changes in common shares outstanding occurred during the year. Jan. 1 39,000 common shares were outstanding. Mar. 1 Declared and issued a 30% common share dividend. Aug. 1 Sold 20,000 common shares. Nov. 1 Sold 40,000 common shares. Calculate the weighted - average number of common shares outstanding during the year and earnings per share. (Round the "Earnings per share" answer to 2 decimal places.)