Crane Corp's net income for 2023 is $153,920. The only potentially dilutive securities outstanding were 2,400 call options issuedduring 2022, with each option being exercisable for one share at $24. None have been exercised, and 38,000 common shares wereoutstanding during 2023. The average market price of the company's shares during 2023 was $30.Your answer is correct.Calculate diluted earnings per share for the year ended December 31, 2023. (Round answer to 2 decimal places, e.g. 15.25.)Diluted earnings per shareeTextbook and Media× Your answer is incorrect.$4.00Assuming that the 2,400 call options were instead issued on November 1, 2023 (rather than in 2022), calculate diluted earningsper share for the year ended December 31, 2023. The average market price during the last two months of 2023 was $30. (Roundanswer to 2 decimal places, e.g. 15.25.)Diluted earnings per share$4.00

A company's profits per share as if all convertible securities were converted are measured as…

Answered: Crane Corp's net income for 2023 is…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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XYZ Inc reported net income of S283,880 for the year and had 173,230 common shares outstanding throughout the year. Also outstanding all year were 42,540 employee stock options with each option giving the holder the right to purchase one common share at $9.35 per share. The average market price for the common shares during the year was $13.33 per share. Calculate the company's fully diluted earnings per share. a. $1.49 b. $1.66 C $1.64 d. $1.53 e $160
Hihotech Company reported net income of 2.3 million for the year ended 20XX and had a weighted average of 800,000 common shares outstanding. At the beginning of the fiscal year, the company has option of 30,000 with an average exercise price 35. No potentially dilutive securities are outstanding. Over the fiscal year, the company’s market price averaged 55 per share. Required: Calculate company’s basic and diluted EPS under IFRS and US GAAP It has been argued that both methods will yield the same results but the underlying justification employed by both methods is different. Explain these justifications.
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Ayayai Company’s net income for 2020 is $52,900. The only potentially dilutive securities outstanding were 1,040 options issued October 1, 2020. Each exercisable for one share at $6. None has been exercised, and 10,900 shares of common were outstanding during 2020. The average market price of Ayayai’s stock during 2020 was $20. The average market price during the last 3 months of 2020 was $20. Compute Diluted Earnings Per Share
Blue Co. earns P2,850,000 in 2021 and it has a total outstanding shares of 425,000. On 2022, the earnings increase by P1,087,500 and the number of outstanding shares increased by 25,000. The dividend per share of the firm is constant at 3.5. What is the Plowback ratio in 2022? (type the answer in percentage with “%”)
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Templet Corp. earned net income of $118,400 and paid the minimum dividend to preferred stockholders for 2024. Assume that there are no changes in common shares outstanding during 2024. Templet's books include the following figures: (Click the icon to view the figures.) Read the requirements. ..... Requirement 1. Compute Templet's EPS for the year. Select the formula, then enter the amounts to calculate the company's earnings per share for 2024. (Abbreviations used: Ave. = average, OS = outstanding, SE = stockholders' equity, shrs = shares. Enter the earnings per share to the nearest cent.) Earnings per share %3D %3D Data table Requirements Preferred Stock-4%, $35 par value; 2,000 shares authorized, 1,000 shares issued and outstanding 35,000 Common Stock-$10 par value; 95,000 shares authorized, 53,000 shares issued, 52,000 shares outstanding 530,000 1. Compute Templet's EPS (Earnings Per Share) for the year. 2. Assume Templet's market price of a share of common stock is $9 per share.…
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Rakesh
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