Question: 3. (6 points) Calculating Basic and Diluted EPS. TJX, Inc., an apparel retailer, reported net income (amounts in thousands) of 568504 for Year 4. The
3. (6 points) Calculating Basic and Diluted EPS. TJX, Inc., an apparel retailer, reported net income (amounts in thousands) of 568504 for Year 4. The weighted average of common shares outstanding during Year 4 was 490373 shares. TJX, Inc., subtracted interest expense net of tax saving on convertible debt of 362.1 . If the convertible debt had been converted into common stock, it would have increased the weighted-average common shares outstanding by 17869 shares. TJX, Inc., has outstanding stock options that, if exercised, would increase the weighted average of common shares outstanding by 6734 shares. Compute the following metrics for Year 4 : (a) Basic Earnings Per Share (BEPS) (b) Diluted Earnings Per Share (DEPS)
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
