Company R has got 9,464,000 outstanding shares and it has also convertible bonds in its balance...
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Company R has got 9,464,000 outstanding shares and it has also convertible bonds in its balance sheet. If the bondholders decided to convert their bonds into shares, the new share count of the company would be 11,260,000 shares. If the net income of the firm is 12,616,000. Compute both the basic EPS, earnings per share, and the diluted EPS. Company R has got 9,464,000 outstanding shares and it has also convertible bonds in its balance sheet. If the bondholders decided to convert their bonds into shares, the new share count of the company would be 11,260,000 shares. If the net income of the firm is 12,616,000. Compute both the basic EPS, earnings per share, and the diluted EPS.
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Answer rating: 100% (QA)
To calculate the basic earnings per share EPS we need to divide the net income by the number of outstanding shares Basic EPS Net Income Outstanding Sh... View the full answer
Related Book For
Financial Reporting and Analysis
ISBN: 978-0078025679
6th edition
Authors: Flawrence Revsine, Daniel Collins, Bruce, Mittelstaedt, Leon
Posted Date:
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