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

Another question on Business

Business, 22.06.2019 04:40

What is ur favorite song and by who i know dis is a random question

Answers: 2

Answer

Business, 22.06.2019 10:00

Marco works in the marketing department of a luxury fashion brand. he is making a presentation on the success of a recent marketing campaign that included a fashion show. which slide elements can he use to include photographs and footage of the fashion show in his presentation? marco can use the: table images audio option to include photographs and the: flowcharts images video option to include footage of the fashion show.

Answers: 1

Answer

Business, 22.06.2019 17:50

Which of the following is an element of inventory holding costs? a. material handling costs b. investment costs c. housing costs d. pilferage, scrap, and obsolescence e. all of the above are elements of inventory holding costs.

Answers: 1

Answer

Business, 22.06.2019 19:10

You have just been hired as a brand manager at kelsey-white, an american multinational consumer goods company. recently the firm invested in the development of k-w vision, a series of systems and processes that allow the use of up-to-date data and advanced analytics to drive informed decision making about k-w brands. it is 2018. the system is populated with 3 years of historical data. as brand manager for k-w’s blue laundry detergent, you are tasked to lead the brand's turnaround. use the vision platform to to develop your strategy and grow blue’s market share over the next 4 years.

Answers: 2

Answer

You know the right answer?

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

Questions