Business, 29.10.2021 20:50, washingtonwhitney995

Calculate basic EPS, and explain the EPS effect of convertible preferred Thrifty Co. reported net income of $790,800 for its fiscal year ended January 31, 2014. At the beginning of that fiscal year, 100,000 shares of common stock were outstanding. On October 31, 2013, an additional 30,000 shares were issued. No other changes in common shares outstanding occurred during the year. Also during the year, the company paid the annual dividend on the 40,000 shares of 6%, $50 par value preferred stock that were outstanding the entire year. Required:
a. Calculate basic earnings per share of common stock for the year ended January 31, 2014.
b. If Thrifty Co.’s preferred stock were convertible into common stock, what additional calculation would be required?

Answers: 3

Show answers

Other questions on the subject: Business

Business, 22.06.2019 10:30, karnun1201

Perez, inc., applies the equity method for its 25 percent investment in senior, inc. during 2018, perez sold goods with a 40 percent gross profit to senior, which sold all of these goods in 2018. how should perez report the effect of the intra-entity sale on its 2018 income statement?

Answers: 2

continue

Business, 22.06.2019 16:20, Zshotgun33

Suppose you hold a portfolio consisting of a $10,000 investment in each of 8 different common stocks. the portfolio's beta is 1.25. now suppose you decided to sell one of your stocks that has a beta of 1.00 and to use the proceeds to buy a replacement stock with a beta of 1.55. what would the portfolio's new beta be? do not round your intermediate calculations.

Answers: 2

continue

Business, 22.06.2019 16:50, cutebab4786

Slow ride corp. is evaluating a project with the following cash flows: year cash flow 0 –$12,000 1 5,800 2 6,500 3 6,200 4 5,100 5 –4,300 the company uses a 11 percent discount rate and an 8 percent reinvestment rate on all of its projects. calculate the mirr of the project using all three methods using these interest rates.

Answers: 2

continue

Business, 22.06.2019 17:00, justyne2004

Afinancing project has an initial cash inflow of $42,000 and cash flows of −$15,600, −$22,200, and −$18,000 for years 1 to 3, respectively. the required rate of return is 13 percent. what is the internal rate of return? should the project be accepted?

Answers: 1

continue

Do you know the correct answer?

Calculate basic EPS, and explain the EPS effect of convertible preferred Thrifty Co. reported net in...