Compute basic and diluted earnings per share for the year

Assignment Help Accounting Basics
Reference no: EM132522196

Question - Information from the financial statements of Henderson-Niles Industries included the following at December 31, 2021:

Common shares outstanding throughout the year 100 million

Convertible preferred shares (convertible into 40 million shares of common) 50 million

Convertible 8% bonds (convertible into 16.0 million shares of common) $1,400million

Henderson-Niles's net income for the year ended December 31, 2021, is $710 million. The income tax rate is 25%. Henderson-Niles paid dividends of $4 per share on its preferred stock during 2021.

Required - Compute basic and diluted earnings per share for the year ended December 31, 2021.

Reference no: EM132522196

Questions Cloud

New aluminum alloy undergoing development : Compressive strength (in thousand psi) was measured on 60 specimens of a new aluminum alloy undergoing development as a material for the next generation of airc
What is the revised estimate of the total compensation : On January 1, 2021, Farmer Fabrication issued stock options for 400,000 shares to a division manager. What is the revised estimate of the total compensation
Internal-external security lighting at datacenter facilities : Discuss the importance of internal and external security lighting at datacenter facilities.
Find the probability of only one dart hitting the target : The probability of Jake's dart hitting the target is 1/3 while that of Mary's is 2/5. Find the probability of only one dart hitting the target.
Compute basic and diluted earnings per share for the year : Henderson-Niles's net income for the year ended December 31, 2021, is $710 million. Compute basic and diluted earnings per share for the year
What can be gained from short-term wins : Review the case study "Alaska Airlines: Navigating Change" and then complete the following: (a) State what actually occurred in the case regarding Kotter's.
Application server and several workstations : Always Fresh is expanding. The company is adding another application server and several workstations.
Describe the violation illustrated by the case : Describe the violation illustrated by the case, e.g. Who are the parties? What did the violator(s) do that constituted spoofing or insider trading?
Locating the precise midpoint of the distribution : Assume that the scores are measurements of continuous variable and find the median by locating the precise midpoint of the distribution.

Reviews

Write a Review

Accounting Basics Questions & Answers

  How much control does fed have over this longer real rate

Hubbard argues that the Fed can control the Fed funds rate, but the interest rate that is important for the economy is a longer-term real rate of interest.   How much control does the Fed have over this longer real rate?

  Coures:- fundamental accounting principles

Coures:- Fundamental Accounting Principles: - Explain the goals and uses of special journals.

  Accounting problems

Accounting problems,  Draw a detailed timeline incorporating the dividends, calculate    the exact Payback Period  b)   the discounted Payback Period. the IRR,  the NPV, the Profitability Index.

  Write a report on internal controls

Write a report on Internal Controls

  Prepare the bank reconciliation for company

Prepare the bank reconciliation for company.

  Cost-benefit analysis

Create a cost-benefit analysis to evaluate the project

  Theory of interest

Theory of Interest: NPV, IRR, Nominal and Real, Amortization, Sinking Fund, TWRR, DWRR

  Liquidity and profitability

Distinguish between liquidity and profitability.

  What is the expected risk premium on the portfolio

Your Corp, Inc. has a corporate tax rate of 35%. Please calculate their after tax cost of debt expressed as a percentage. Your Corp, Inc. has several outstanding bond issues all of which require semiannual interest payments.

  Simple interest and compound interest

Simple Interest, Compound interest, discount rate, force of interest, AV, PV

  Capm and venture capital

CAPM and Venture Capital

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd