Calculating Basic and Diluted EPS. TJX, Inc., an apparel retailer,reported net income (amounts in thousands) of 568504 for Year 4. The weightedaverage of common shares outstanding during Year 4 was 490373 shares. TJX, Inc.,subtracted interest expense net of tax saving on convertible debt of 362.1. If theconvertible debt had been converted into common stock, it would have increased theweighted-average common shares outstanding by 17869 shares. TJX, Inc., hasoutstanding stock options that, if exercised, would increase the weighted average ofcommon shares outstanding by 6734 shares. Compute the following metrics for Year 4:(a) Basic Earnings Per Share (BEPS)(b) Diluted Earnings Per Share (DEPS)

(a) Net income = $568,504Number of shares outstanding = 490,373 sharesThe basic earnings per share…

Answered: Calculating Basic and Diluted EPS. TJX,…

Essentials Of Investments

11th Edition

ISBN:9781260013924

Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.

Chapter1: Investments: Background And Issues

Section: Chapter Questions

Problem 1PS

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During 2016, QBE Inc. reported net income of $150,000 and had 100,000 shares of common stock and 1,000 shares of preferred stock outstanding for the entire year. QBE’s 10%, $100 par value preferred shares are each convertible into 40 shares of common stock. If the tax rate is 40%, what is the diluted EPS for this company? A. $1.10 B. $1.00 C. $1.07 D. $0.79
Madrid Company has provided the following data (ignore income taxes): 2014 revenues were $80,500. 2014 net income was $34,500. Dividends declared and paid during 2014 totaled $6,300. Total assets at December 31, 2014 were $223,000. Total stockholders' equity at December 31, 2014 was $130,000. Retained earnings at December 31, 2014 were $85,000. Which of the following is not correct?
Required: Calculate the 11 missing amounts. (Loss should be indicated by a minus sign.)Except for the earnings per share statistics, the 2022, 2023, and 2024 income statements for Ace Group Inc. were originally presented as follows: Required: 1. Calculate the 11 missing amounts. (Loss should be indicated by a minus sign.) Calculate the weighted-average number of common shares outstanding during the following years: (Do not round intermediate calculations. Round your answers to nearest whole number.) 3. Prepare the earnings per share income statement presentation during the following years: (Round your answers to 2 decimal places. Negative amounts should be indicated by a minus sign.)
The following information relates to the operations of Branded Ltd. The net profit after tax was $1,000,000. The company distributed ordinary dividends of $600,000 to its shareholders. Over the year, weighted average number of ordinary shares were 2,000,000. Ordinary shares are currently selling for $8.00 per share. What is the earning per share for the company? 0.20. 0.33. 0.40. 0.50.
1. for of $770,000 from a yder ts) Finley Corporation had income before income taxes 2914 of $6,300,000. In addition, it suffered a pretax gain discontinued operation. The corporation's tax rate is 30%. Prepare a partial income statement for Finley Corporation beginning with income before income taxes. The corporation had 5,000,000 shares of common stock outstanding during 2014. 20
not use ai please
E2.8 (LO 2) (Calculate ratios and evaluate profitability.) The following informat Saputo Inc. for the year ended March 31 (in millions, except share price): Income available for common shareholders Weighted average number of common shares Share price 2021 $625.6 409.8 $37.79 2020 $582.8 400.3 $33.84 Instructions a. Calculate the basic earnings per share and price-earnings ratio for each year. b. Based on your calculations above, how did the company's profitability change from 2020 to 2021? c. When income rose, did the share price increase? How does this affect the price-earnings ratio? d. Do you think investors are more or less optimistic about the company's profitability in the future? OC €
Brehm Holdings recently reported a return on common shareholders' equity of 11.47 % . What was the company's preferred dividends if net income was $550,000 during the year, beginning common shareholders' equity was $3,852, 000, and ending common shareholders' equity was $3,974,000? Select answer from the options below $13,993.40 $94, 182.20 $108, 175.60 $101, 178.90
The balance sheet for Larry Underwood Motors shows a book value of stockholders' equity (book value per share×total shares outstanding) of $1,300,000. Furthermore, the firm's income statement for the year just ended has a net income of $536,000, which is $0.264 per share of common stock outstanding. The price-earnings ratio for firms similar to Underwood Motors is 20.89. a. What price would you expect Underwood Motors shares to sell for? b. What is the book value per share for Underwood's shares?

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