Basic and Diluted EPS The following information was taken from the books and records of Ludwick, Inc.: 1. Net Income $ 420,000 2. Capital Structure:
11aug1975 (Not rated)
(Not rated)
| Basic and Diluted EPS | ||||||||
The following information was taken from the books and records of Ludwick, Inc.: | ||||||||
1. Net Income $ 420,000 | ||||||||
| 2. Capital Structure: | ||||||||
a. Convertible 6% bonds. Each of the 300, $1,000 bonds is convertible into 50 shares of common stock at the present date and for the next 10 years. 420,000 | ||||||||
b. $ 10 par common stock, 200,000 shares issued and outstanding during the entire year. 2,000,000 | ||||||||
c. Stock warrants outstanding to buy 16,000 shares of common stock at $20 per share | ||||||||
| 3. Other information: | ||||||||
a. Bonds converted during the year None | ||||||||
b. Income Tax Rate 30% | ||||||||
| c. Convertible debt was outstanding the entire year | ||||||||
d. Avg Market Price per share of common stock during the year $32 | ||||||||
| e. Warrants were outstanding the entire year | ||||||||
f. Warrants exercised during the year None | ||||||||
Compute Basic and Diluted Earnings Per Share. Use the following format: |
11 years ago
Basic and Diluted EPS The following information was taken from the books and records of Ludwick, Inc.: 1. Net Income $ 420,000 2. Capital Structure:
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diluted_eps.xlsx
