The following information was taken from the books and records of Crane, Inc.: 1 . Net Income
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Question:
The following information was taken from the books and records of Crane, Inc.:
Net Income $
Capital structure:
a Convertible bonds. Each of the $ bonds is convertible into shares of common stock at the present date and for the next years.
b $ par common stock, shares issued and outstanding during the entire year.
c Stock warrants outstanding to buy shares of common stock at $ per share.
Other information:
a Bonds converted during the year
None
b Income tax rate
c Convertible debt was outstanding the entire year
d Average market price per share of common stock during the year $
e Warrants were outstanding the entire year
f Warrants exercised during the year None
a
Compute basic earnings per share. Round answer to decimal places, eg
Basic earnings per share $Type your answer here
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