Venzuela Company’s net income for 2014 is $40,200. The only potentially dilutive securities outstanding were 1,400 options issued during 2013, each exercisable for one share at $8. None has been exercised, and 10,700 shares of common were outstanding during 2014. The average market price of Venzuela’s stock during 2014 was $25.
Compute diluted earnings per share.
Nolte Co. has 4,800,000 shares of common stock outstanding on December 31, 2017. An additional 200,000 shares are issued on April 1, 2018, and 480,000 more on September 1. On October 1, Nolte issued $6,000,000 of 9% convertible bonds. Each $1,000 bond is convertible into 40 shares of common stock. No bonds have been converted. The number of shares to be used in computing basic earnings per share and diluted earnings per share on December 31, 2018 is?
Washington Enterprises had net income for 2016 of $108,000. Washington had 37,000 shares of common stock outstanding at the beginning of the year and 48,000 shares of common stock outstanding at the end of the year. There were 10,000 shares of preferred stock outstanding all year. During 2016, Washington declared and paid preferred dividends of $25,000.
What is Washington’s earnings per share?
A company had the following stockholders’ equity information available at year-end.
1. 15,000 Common shares outstanding
2. 25,000 preferred shares outstanding
3. Paid $56,000 in common stock dividends
4. Paid $45,000 in preferred stock dividends
5. Reported net income of $376,457
Calculate the earnings per share for the current year.
