Given the following information, compute Wilco's Diluted EPS for 2022: 2021 $48,000,000 $29,000,000 $19,000,000 Total Assets Total Liabilities Total Stockholders' Equity Common Stock; $1 par value; 1,000,000 shares issued and outstanding 12/31/2021 & 12/31/2022 Preferred Stock; $10 par value; 10,000 shares issued and outstanding 12/31/2021 & 12/31/2022 Preferred Dividends Common Dividends O $10 per share 2022 $8.60 per share $8.63 per share O $8.27 per share $50,000,000 $30,000,000 $20,000,000 $1,000,000 $100,000 $800,000 $900,000 $10,000,000 $1,000,000 $1,000,000 $100,000 Net Income (Consolidated) Non-Controlling Interest in Income Wilco's 10,000 shares of preferred stock can be converted into 20,000 shares of common stock. In addition, Wilco has $1 million of convertible bonds that can be converted into 40,000 shares of common stock. The 2022 interest expense associated with the convertible bonds is $150,000, and Wilco is subject to a 20% tax rate. (Round answers to the nearest cent) $800,000 $900,000 $9,500,000 $950,000

FINANCIAL ACCOUNTING
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ISBN:9781259964947
Author:Libby
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Chapter1: Financial Statements And Business Decisions
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A9

Given the following information, compute Wilco's Diluted EPS for 2022:
2021
Total Assets
Total Liabilities
Total Stockholders' Equity
Common Stock; $1 par value;
1,000,000 shares issued and
outstanding 12/31/2021 &
12/31/2022
Preferred Stock; $10 par value;
10,000 shares issued and
outstanding 12/31/2021 &
12/31/2022
Preferred Dividends
Common Dividends
O $10 per share
$8.60 p
O per
$8.63 per share
$8.27 per share
2022
share
$50,000,000
$30,000,000
$20,000,000
$1,000,000
$100,000
$800,000
$900,000
$10,000,000
$1,000,000
$48,000,000
$29,000,000
$19,000,000
$1,000,000
Net Income (Consolidated)
Non-Controlling Interest in
Income
Wilco's 10,000 shares of preferred stock can be converted into 20,000 shares of common stock. In
addition, Wilco has $1 million of convertible bonds that can be converted into 40,000 shares of
common stock. The 2022 interest expense associated with the convertible bonds is $150,000, and
Wilco is subject to a 20% tax rate. (Round answers to the nearest cent)
$100,000
$800,000
$900,000
$9,500,000
$950,000
Transcribed Image Text:Given the following information, compute Wilco's Diluted EPS for 2022: 2021 Total Assets Total Liabilities Total Stockholders' Equity Common Stock; $1 par value; 1,000,000 shares issued and outstanding 12/31/2021 & 12/31/2022 Preferred Stock; $10 par value; 10,000 shares issued and outstanding 12/31/2021 & 12/31/2022 Preferred Dividends Common Dividends O $10 per share $8.60 p O per $8.63 per share $8.27 per share 2022 share $50,000,000 $30,000,000 $20,000,000 $1,000,000 $100,000 $800,000 $900,000 $10,000,000 $1,000,000 $48,000,000 $29,000,000 $19,000,000 $1,000,000 Net Income (Consolidated) Non-Controlling Interest in Income Wilco's 10,000 shares of preferred stock can be converted into 20,000 shares of common stock. In addition, Wilco has $1 million of convertible bonds that can be converted into 40,000 shares of common stock. The 2022 interest expense associated with the convertible bonds is $150,000, and Wilco is subject to a 20% tax rate. (Round answers to the nearest cent) $100,000 $800,000 $900,000 $9,500,000 $950,000
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