The Income statement for Travers & Co. is shown below. The firm currently has 35.0 million shares of common stock outstanding. However, an analyst has looked at the firm's outstanding warrants and options to determine the likelihood of them being exercised. The analyst has determined that the firm's adjusted number of common shares after the expected dilution is 38.5 million. INCOME STATEMENT (Millions of dollars) Total revenues - Operating costs excluding depreciation - Depreciation and amortization expense Operating income (EBIT) - Interest expense Taxable income - Taxes Common dividends Addition to retained earnings What is the firm's DPS for 2005? Net income 112 - Preferred dividends Net income available to common shareholders s 112 $3.05 O $3.13 O $2.61 O $1.79 O $2.03 What is the basic EPS? Answer the following questions about Travers & Co.'s Income statement. O $4.35 $4.68 O $4.74 $3.20 $3.65 What is the diluted EPS? O $2.91 O $4.26 O $3.65 ******* O $4.68 $1,450 1,200 O $4.25 $200 $ 175

The Income statement for Travers & Co. is shown below. The firm currently has 35.0 million shares of common stock outstanding. However, an analyst has looked at the firm's outstanding warrants and options to determine the likelihood of them being exercised. The analyst has determined that the firm's adjusted number of common shares after the expected dilution is 38.5 million. INCOME STATEMENT (Millions of dollars) Total revenues - Operating costs excluding depreciation - Depreciation and amortization expense Operating income (EBIT) - Interest expense Taxable income - Taxes Common dividends Addition to retained earnings What is the firm's DPS for 2005? Net income 112 - Preferred dividends Net income available to common shareholders s 112 $3.05 O $3.13 O $2.61 O $1.79 O $2.03 What is the basic EPS? Answer the following questions about Travers & Co.'s Income statement. O $4.35 $4.68 O $4.74 $3.20 $3.65 What is the diluted EPS? O $2.91 O $4.26 O $3.65 ******* O $4.68 $1,450 1,200 O $4.25 $200 $ 175

Financial Management: Theory & Practice

16th Edition

ISBN:9781337909730

Author:Brigham

Publisher:Brigham

Chapter14: Distributions To Shareholders: Dividends And Repurchases

Section: Chapter Questions

Problem 12P: Bayani Bakerys most recent FCF was 48 million; the FCF is expected to grow at a constant rate of 6%....

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