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Green Stamping began the current year with 265,000 common shares outstanding and issued an additional 300,000 shares on September 1 The firm has $12,000,000, 1.5% convertible bonds outstanding for a full year (ie, $180,000 coupon interest per year), which are convertible into 155,000 shares of common stock The firm issued the bonds at par and did not convert any during the current year. It also had $1,160,000 par value, 4% nonconvertible, noncumulative preferred stock outstanding for the full year and declared dividends for the current year. The company is subject to a 30% effective tax rate and net income is 54,300,000. Based on this information, compute basic and diluted earnings per share (EPS) for the current year. Begin with the basic earnings per share. (Round the EPS to the nearest cent $XXX). Basic EPS from income from continuing operations for the current year is $ _____. Calculate the diluted earnings per share. (Round the EPS to the nearest cent, $XXX). Diluted EPS from income from continuing operations for the current year is $ _____.
Sagot :
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