The following information was taken from the books and records of Ivanhoe, Inc.:1.23.Net IncomeCapital structure:Convertible 6% bonds. Each of the 280, $1,000 bonds is convertible into 50 shares of common stock atthe present date and for the next 10 years.$10 par common stock, 220,000 shares issued and outstanding during the entire year.Stockwarrants outstanding to buy 14,560 shares of common stock at $20 per share.Other information:a.b.C3.bCd.C.f.Bonds converted during the yearIncome tax rateConvertible debt was outstanding the entire yearAverage market price per share of common stock during the yearWarrants were outstanding the entire yearWarrants exercised during the yearSecurityCommon StockWarrantsConversion Bonds$$409,200EPS280,000Compute diluted earnings per share. (Round answers to 2 decimal places, e.g. 52.75.)2.200,000None30%$32None

The following information was taken from the books and records of Ivanhoe, Inc.: 1 2 3 Net Income Capital structure: Convertible 63% bonds. Each of the 280, $1,000 bonds is convertible into 50 shares of common stock at the present date and for the next 10 years b $10 par common stock, 220.000 shares issued and outstanding during the entire year. C Stockwarrants outstanding to buy 14,560 shares of common stock at $20 per share. Other information: a a. b C d f Bonds converted during the year Income tax rate Convertible debt was outstanding the entire year Average market price per share of common stock during the year Warrants were outstanding the entire year Warrants exercised during the year $409.200 280.000 2.200.000 None None

The following information was taken from the books and records of Ivanhoe, Inc.: 1 2 3 Net Income Capital structure: Convertible 63% bonds. Each of the 280, $1,000 bonds is convertible into 50 shares of common stock at the present date and for the next 10 years b $10 par common stock, 220.000 shares issued and outstanding during the entire year. C Stockwarrants outstanding to buy 14,560 shares of common stock at $20 per share. Other information: a a. b C d f Bonds converted during the year Income tax rate Convertible debt was outstanding the entire year Average market price per share of common stock during the year Warrants were outstanding the entire year Warrants exercised during the year $409.200 280.000 2.200.000 None None

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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