Information from the financial statements ofHenderson-Niles Industries included thefollowing at December 31, 2021:Common shares outstanding throughout the year100millionConvertible preferred shares (convertible into 20 million shares of common)40millionConvertible 8% bonds (convertible into 18.0 million shares of common)$ 2,100millionHenderson-Niles's net income for the yearended December 31, 2021, is $820 million. Theincome tax rate is 25%. Henderson-Niles paiddividends of $3 per share on its preferred stockduring 2021.Required:Compute basic and diluted earnings per sharefor the year ended December 31, 2021. (Enteryour answers in millions (i.e., 10,000,000should be entered as 10). Round "Earnings pershare" answers to 2 decimal places.)

Answered: -ughout the year vertible into 20…

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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PQR SAOG Company has in issue 600,000 OMR 1 equity shares with a current market value of RO 5 each. It offers a rights issue of 5 for 20 shares at an offer price of RO 3. Assuming that if 80% of the offer is taken by the shareholders, how many numbers of right shares will be issued by the company? a. 360,000 b. 120,000 c. 450,000 d. 150,00
Q.2 The following is the Fine Organics Ltd. as on 31stMarch current year. Equity Share: 10000 Share (Rs. 100 FV each) = Rs. 10000012% Preference Share (of Rs. 100 each) = Rs. 40000010% Debentures = Rs. 600000The market price of the company’s share is Rs 110 and it is expected thata dividend of Rs 10 per share would be declared at the end of the currentyear. The dividend growth rate is 6 per cent.If the company is in the 35 per cent tax bracket, compute the weighted average cost of capitalbased on book value weights. (use excel)
CT, Inc. has 10,000 shares of 8% P50 par preference shares and 100,000 shares of P4par ordinary shares outstanding. Two years’ preference dividends are in arrears. It declared cash dividends large enough to pay preference dividend in arrears, the preference dividends for the current period, and a P1.50 dividend to ordinary. What is the total amount oft he dividend?
29. The shareholders’ equity of Seven Corporation is presented below: 10% Preference Share, 2,000 shares outstanding P800,000 Ordinary Shares, 5,000 shares outstanding 700,000 Preference share premium 200,000 Ordinary share premium 50,000 Retained Earnings 250,000 What is the amount of Contributed Capital?
Mr. Cruz bought 4,000 TYB shares at P3.00. He received cash dividends of P0.25 per share. The par value is P1.0 per share and market price is P4.00. Assuming that the investor sold all his shares, how much is the capital appreciation on the investments of the shares of stocks (disregard commission and other charges)? a. 17,000 b. 6,000 c. 5,000 d. 14,000
An investor purchased 500 shares of common stock, $25 par, for $19,250. Subsequently, 100 shares were sold for $35 per share. What is the amount of gain or loss on the sale?
10
The total assets value of Boafo Plc is GHC600,000 and the shareholders’ fund is GHC360,000. The shareholders’ fund consists of :100,000 ordinary shares issued at GHC2 per share 200,000Retained earnings 160,000Calculate the book valuation of a share of QRS Plc
A shareholder owns 20,000 shares costing P 1,000,000. Subsequently, the shareholders receive P 4,000 shares in lieu of cash dividend of P 120 per share. The Market value is P 150.What is the amount of dividend income? a. Zerob. 3,000,000c. 2,400,000d. 600,000
The following information is available for the common shares of DEF Co.: 50 million shares authorized, 25 million shares issued and outstanding, and 1 million shares in the public float. Calculate DEF's market capitalization if the current market price of the common shares is $25 $25,000,000 O $625,000,000 O $650,000,000 $1,250,000,000
Use good accounting form in solution
The shareholders' equity of XYZ Corporation is presented as follows: 10% Preference Share, 2,000 shares outstanding P200,000; Ordinary Shares, 5,000 shares outstanding P100,000, Preference share premium P20,000; Ordinary share premium P25,000; Retained Earnings P450,000. If 350 shares of Preference Shares were retired at P125/share, how much will be credited to Cash?

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-ughout the year vertible into 20 million shares of c e into 18.0 million shares of comn