Homework Help is Here – Start Your Trial Now!
Business
Accounting
Analyzing EPS through Financial Statement Presentation Sundry Inc. reported the following information in its consolidated statement of earnings for the fiscal year ended January 31. Required a. Estimate the average number of common shares outstanding for its fiscal year ended January 31. Note: Round your answer to the nearest whole share (in millions). ✓ million shares. b. Does the company have a simple or a complex capital structure? ✓ capital structure. c. If diluted weighted-average common shares were 1,547 million, recompute diluted EPS. d. Based on part c, what type(s) of dilutive securities would we assume the company reported in its financial statements? Stock plans Convertible securities

Analyzing EPS through Financial Statement Presentation Sundry Inc. reported the following information in its consolidated statement of earnings for the fiscal year ended January 31. Required a. Estimate the average number of common shares outstanding for its fiscal year ended January 31. Note: Round your answer to the nearest whole share (in millions). ✓ million shares. b. Does the company have a simple or a complex capital structure? ✓ capital structure. c. If diluted weighted-average common shares were 1,547 million, recompute diluted EPS. d. Based on part c, what type(s) of dilutive securities would we assume the company reported in its financial statements? Stock plans Convertible securities

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
See similar textbooks
icon
Related questions
Question

Analyzing EPS through Financial Statement Presentation Sundry Inc. reported the following information in its consolidated statement of earnings for the fiscal year ended January 31. Required a. Estimate the average number of common shares outstanding for its fiscal year ended January 31. Note: Round your answer to the nearest whole share (in millions). ✓ million shares. b. Does the company have a simple or a complex capital structure? ✓ capital structure. c. If diluted weighted-average common shares were 1,547 million, recompute diluted EPS. d. Based on part c, what type(s) of dilutive securities would we assume the company reported in its financial statements? Stock plans Convertible securities

Analyzing EPS through Financial Statement Presentation Sundry Inc. reported the following information in its consolidated statement of earnings for the fiscal year ended January 31. Net earnings $8,411 million Basic earnings per share Diluted earnings per share Required $5.49 $5.46 a. Estimate the average number of common shares outstanding for its fiscal year ended January 31. • Note: Round your answer to the nearest whole share (in millions). 1,532 million shares. b. Does the company have a simple or a complex capital structure? Complex capital structure. c. If diluted weighted-average common shares were 1,547 million, recompute diluted EPS. Numerator / Denominator 8,411 x 1,547 Result 5.44 d. Based on part c, what type(s) of dilutive securities would we assume the company reported in its financial statements? Stock plans Unable to determine Convertible securities Unable to determine = Check
Transcribed Image Text:Analyzing EPS through Financial Statement Presentation Sundry Inc. reported the following information in its consolidated statement of earnings for the fiscal year ended January 31. Net earnings $8,411 million Basic earnings per share Diluted earnings per share Required $5.49 $5.46 a. Estimate the average number of common shares outstanding for its fiscal year ended January 31. • Note: Round your answer to the nearest whole share (in millions). 1,532 million shares. b. Does the company have a simple or a complex capital structure? Complex capital structure. c. If diluted weighted-average common shares were 1,547 million, recompute diluted EPS. Numerator / Denominator 8,411 x 1,547 Result 5.44 d. Based on part c, what type(s) of dilutive securities would we assume the company reported in its financial statements? Stock plans Unable to determine Convertible securities Unable to determine = Check
Expert Solution
steps

Step by step

Solved in 6 steps

SEE SOLUTIONCheck out a sample Q&A here
Blurred answer
Knowledge Booster
Ratio Analysis
Learn more about
Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.
Similar questions
  • SEE MORE QUESTIONS
Recommended textbooks for you
FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
Accounting
ISBN:
9781259964947
Author:
Libby
Publisher:
MCG
Accounting
Accounting
Accounting
ISBN:
9781337272094
Author:
WARREN, Carl S., Reeve, James M., Duchac, Jonathan E.
Publisher:
Cengage Learning,
Accounting Information Systems
Accounting Information Systems
Accounting
ISBN:
9781337619202
Author:
Hall, James A.
Publisher:
Cengage Learning,
Horngren's Cost Accounting: A Managerial Emphasis…
Horngren's Cost Accounting: A Managerial Emphasis…
Accounting
ISBN:
9780134475585
Author:
Srikant M. Datar, Madhav V. Rajan
Publisher:
PEARSON
Intermediate Accounting
Intermediate Accounting
Accounting
ISBN:
9781259722660
Author:
J. David Spiceland, Mark W. Nelson, Wayne M Thomas
Publisher:
McGraw-Hill Education
Financial and Managerial Accounting
Financial and Managerial Accounting
Accounting
ISBN:
9781259726705
Author:
John J Wild, Ken W. Shaw, Barbara Chiappetta Fundamental Accounting Principles
Publisher:
McGraw-Hill Education
SEE MORE TEXTBOOKS