Nirvana have net income of $1,000,000. They pay preferred dividends of 100,000 during the year and have 200,000 in income attributable to non-controlling interests. They have 10,000 shares outstanding at the beginning of the year and issue 2,000 shares on April 1 and buy back 8,000 treasury shares at a cost of $10 a piece on October 1. What is Nirvana's EPS?
Nirvana have net income of $1,000,000. They pay preferred dividends of 100,000 during the year and have 200,000 in income attributable to non-controlling interests. They have 10,000 shares outstanding at the beginning of the year and issue 2,000 shares on April 1 and buy back 8,000 treasury shares at a cost of $10 a piece on October 1. What is Nirvana's EPS?
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Nirvana have net income of $1,000,000. They pay preferred dividends of 100,000 during the year and have 200,000 in income attributable to non-controlling interests. They have 10,000 shares outstanding at the beginning of the year and issue 2,000 shares on April 1 and buy back 8,000 treasury shares at a cost of $10 a piece on October 1. What is Nirvana's EPS?
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