Bramble Corporation earned $366,000 during a period when it had an average of 100,000 shares of common stock outstanding. The common stock sold at an average market price of $15 per share during the period. Also outstanding were 15,300 warrants that could be exercised to purchase one share of common stock for $10 for each warrant exercised. a. Are the warrants dilutive? b. Compute basic earnings per share. (Round answer to 2 decimal places, e.g. 2.55.) Basic earnings per share $ c. Compute diluted earnings per share. (Round answer to 2 decimal places, e.g. 2.55.) Diluted earnings per share $

Bramble Corporation earned $366,000 during a period when it had an average of 100,000 shares of common stock outstanding. The common stock sold at an average market price of $15 per share during the period. Also outstanding were 15,300 warrants that could be exercised to purchase one share of common stock for $10 for each warrant exercised. a. Are the warrants dilutive? b. Compute basic earnings per share. (Round answer to 2 decimal places, e.g. 2.55.) Basic earnings per share $ c. Compute diluted earnings per share. (Round answer to 2 decimal places, e.g. 2.55.) Diluted earnings per share $

Managerial Accounting: The Cornerstone of Business Decision-Making

7th Edition

ISBN:9781337115773

Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger

Chapter15: Financial Statement Analysis

Section: Chapter Questions

Problem 55E: Rebert Inc. showed the following balances for last year: Reberts net income for last year was...

See similar textbooks

Similar questions

Blossom Corporation earned $272,000 during a period when it had an average of 100,000 shares of common stock outstanding. The common stock sold at an average market price of $18 per share during the period. Also outstanding were 13,800 warrants that could be exercised to purchase one share of common stock for $12 for each warrant exercised. a. Are the warrants dilutive? b. Compute basic earnings per share. (Round answer to 2 decimal places, e.g. 2.55.) Basic earnings per share $ c. Compute diluted earnings per share. (Round answer to 2 decimal places, e.g. 2.55.) Diluted earnings per share $
Wildhorse Corporation earned $422,000 during a period when it had an average of 100,000 shares of common stock outstanding. The common stock sold at an average market price of $15 per share during the period. Also outstanding were 14,700 warrants that could be exercised to purchase one share of common stock for $10 for each warrant exercised. a. Are the warrants dilutive? b. Compute basic earnings per share. (Round answer to 2 decimal places, e.g. 2.55.) Basic earnings per share $ c. Compute diluted earnings per share. (Round answer to 2 decimal places, e.g. 2.55.) Diluted earnings per share $
Novak Corporation earned $371,000 during a period when it had an average of 100,000 shares of common stock outstanding. The common stock sold at an average market price of $21 per share during the period. Also outstanding were 16,200 warrants that could be exercised to purchase one share of common stock for $14 for each warrant exercised.(a) Are the warrants dilutive? (b) Compute basic earnings per share. (Round answer to 2 decimal places, e.g. $2.55.) Basic earnings per share $ (c) Compute diluted earnings per share. (Round answer to 2 decimal places, e.g. $2.55.) Diluted earnings per share $
Howat Corporation earned $360,000 during a period when it had an average of 100,000 shares of common stock outstanding. The common stock sold at an average market price of $15 per share during the period. Also outstanding were 15,000 warrants that could be exercised to purchase one share of common stock for $10 for each warrant exercised. (a) Are the warrants dilutive? (b) Compute basic earnings per share. (Round answer to 2 decimal places, e.g. $2.55.) (c) Compute diluted earnings per share.
Loudoun Corporation's balance sheet reflected the following information. Common stock, $2 par Paid-in capital in excess of par - Common Required: Assuming all the stock was issued in a single transaction, what was the issue price per share of the stock? Note: Round your answer to 2 decimal places. Issue price $153,000 212,000 per share
Justice Corporation reported the following financial statements: LOADING... (Click the icon to view the financial statements.) The company has 2,900 shares of common stock outstanding and the market price is $25 per share. What is Justice's price/earnings ratio? (Round any intermeidary calculations and your final answer to two decimal places, X.XX.) A. 0.09 B. 8.80 C. 8.80 times D. $0.09 Click to select your answer. Financial Statements Justice Corporation Comparative Balance Sheet December 31, 2025 and 2024 2025 2024 Assets Current Assets: Cash and Cash Equivalents $2,150 $1,724 Accounts Receivable 1,966 1,772 Merchandise Inventory 1,348 1,104 Prepaid Expenses 1,638 2,055 Total Current Assets 7,102 6,655 Other Assets 17,335 16,268 Total Assets $24,437 $22,923 Liabilities Current Liabilities $7,383…
Bonita Corporation earned $405,000 during a period when it had an average of 100,000 shares of common stock outstanding. The common stock sold at an average market price of $15 per share during the period. Also outstanding were 15,900 warrants that could be exercised to purchase one share of common stock for $10 for each warrant exercised. Compute basic earnings per share Compute diluted earnings per share.
The Tiffin corporation has assets of $424,000, current liabilities of $45,000, and long-term liabilities of $71,000. There is $30,000 in preferred stock outstanding: 20,000 shares of common stock have been issued. a. Compute book value (net worth) per share. (Round your answer to 2 decimal places.)
The Holtzman Corporation has assets of $441,000, current liabilities of $105,000, and long-term liabilities of $147,000. There is $31,500 in preferred stock outstanding; 24,000 shares of common stock have been issued. a. Compute book value (net worth) per share. (Round your answer to 2 decimal places.)
ABC Corp has produced its first set of financial results. Ordinary shares in the company were issued at the start of the financial year at a price of $2.00 each. The par value of each ordinary share in was 0.10. 50 million shares were issued by the company and the first year's profit for the year is $15 million. The current market price of the shares is $2.70. What is the price/earnings ratio? a. .11 b . .33 c. 9 d. 6.67
Ehrlich Corporation earned $360,000 during a period when it had an average of 100,000 shares of common stock outstanding. The common stock sold at an average market price of $15 per share during the period. Also outstanding were 15,000 warrants that could be exercised to purchase one share of common stock for $10 for each warrant exercised.Instructions a. Are the warrants dilutive? b. Compute basic earnings per share. c. Compute diluted earnings per share.
Quantum Technology had $646,000 of retained earnings on December 31, 20X2. The company paid common dividends of $34,800 in 20X2 and had retained earnings of $506,000 on December 31, 20X1. a. How much did Quantum Technology earn during 20X2? Earnings available to common stockholders b. What would earnings per share be if 42,100 shares of common stock were outstanding? Note: Round your answer to 2 decimal places. Earnings per share