a Cedar Organics had earnings after tax of 875,000 in 2021. There were 340,000 common shares...
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a Cedar Organics had earnings after tax of 875,000 in 2021. There were 340,000 common shares outstanding at a book value of $3.00 per share. On January 1, 2022, Cedar issued an additional 10,000 shares at $4.00 Assdume that the additional shares increased earnings after tax and after preferred dividends for 2022 by 10% Required: compute EPS for 2021 b с Assume Cedar also had 12,500 preferred shares outstanding with an annual dividend of @.50 per share. Compute EPS for 2021 asssuming the preferred dividends were not declared or paid. compute EPS for 2022 a Cedar Organics had earnings after tax of 875,000 in 2021. There were 340,000 common shares outstanding at a book value of $3.00 per share. On January 1, 2022, Cedar issued an additional 10,000 shares at $4.00 Assdume that the additional shares increased earnings after tax and after preferred dividends for 2022 by 10% Required: compute EPS for 2021 b с Assume Cedar also had 12,500 preferred shares outstanding with an annual dividend of @.50 per share. Compute EPS for 2021 asssuming the preferred dividends were not declared or paid. compute EPS for 2022
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To compute the Earnings Per Share EPS for 2021 we need to divide the earnings after tax by the weighted average number of common shares outstanding du... View the full answer
Related Book For
Intermediate accounting
ISBN: 978-0077647094
7th edition
Authors: J. David Spiceland, James Sepe, Mark Nelson
Posted Date:
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