Woof Woot Woof Co. has 10,000 shares of common stock outstanding for the whole year in...

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Woof Woot Woof Co. has 10,000 shares of common stock outstanding for the whole year in addition to having earned $500,000 in net income and having paid $12,000 in preferred dividends The company has $1,000,000 (1,000 bonds at 51,000 each) worth of 8% bonds each convertible to 15 shares of common stock Calculate the basic and diluted EPS figure Woof Woot Woof Co. has 10,000 shares of common stock outstanding for the whole year in addition to having earned $500,000 in net income and having paid $12,000 in preferred dividends The company has $1,000,000 (1,000 bonds at 51,000 each) worth of 8% bonds each convertible to 15 shares of common stock Calculate the basic and diluted EPS figure

Answer rating: 100% (QA)

To calculate the basic and diluted earnings per share EPS we need the following infor... View the full answer