The following transactions have also occurred at Marigold. 1. 2. 3. 4. 5. 6. Options were granted on July 1, 2024, to purchase 180,000 shares at $16 per share. Although no options were exercised during fiscal year 2025, the average price per common share during fiscal year 2025 was $20 per share. Each bond was issued at face value. The 9% convertible bonds will convert into common stock at 50 shares per $1,000 bond. The bonds are exercisable after 5 years and were issued in fiscal year 2024. The preferred stock was issued in 2024. There are no preferred dividends in arrears; however, preferred dividends were not declared in fiscal year 2025. The 980,000 shares of common stock were outstanding for the entire 2025 fiscal year. Net income for fiscal year 2025 was $1,520,000, and the average income tax rate is 20%. For the fiscal year ended June 30, 2025, calculate the following for Marigold Pharmaceutical Industries. (Round answers to 2 decimal places, e.g. 2.45.) a. Basic earnings per share. Basic earnings per share b. Diluted earnings per share. $ LA Diluted earnings per share $

The following transactions have also occurred at Marigold. 1. 2. 3. 4. 5. 6. Options were granted on July 1, 2024, to purchase 180,000 shares at $16 per share. Although no options were exercised during fiscal year 2025, the average price per common share during fiscal year 2025 was $20 per share. Each bond was issued at face value. The 9% convertible bonds will convert into common stock at 50 shares per $1,000 bond. The bonds are exercisable after 5 years and were issued in fiscal year 2024. The preferred stock was issued in 2024. There are no preferred dividends in arrears; however, preferred dividends were not declared in fiscal year 2025. The 980,000 shares of common stock were outstanding for the entire 2025 fiscal year. Net income for fiscal year 2025 was $1,520,000, and the average income tax rate is 20%. For the fiscal year ended June 30, 2025, calculate the following for Marigold Pharmaceutical Industries. (Round answers to 2 decimal places, e.g. 2.45.) a. Basic earnings per share. Basic earnings per share b. Diluted earnings per share. $ LA Diluted earnings per share $

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter16: Retained Earnings And Earnings Per Share

Section: Chapter Questions

Problem 24P: Frost Company has accumulated the following information relevant to its 2019 earningsper share. 1....

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