Data for Tudor Co for its December 31, 2022 fiscal year follows: 1. On January 1,...

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Data for Tudor Co for its December 31, 2022 fiscal year follows: 1. On January 1, 2022 the capital structure of the company was: Preferred shares, $1.50, non-cumulative 100,000 shares authorized, 60,000 shares issued and outstanding Common shares, unlimited number authorized, 150,000 shares issued and outstanding 2. Each preferred share is convertible into 2 common shares. 3. On March 31, 2022, 80,000 common shares were issued; on October 1, 2022, 20,000 shares were repurchased. 4. A $500,000, 8% convertible bond was issued on May 1, 2022; each $1,000 bond is convertible into 20 common shares. 5. 10,000 warrants were outstanding in 2022; each warrant allows the holder to purchase 2 common shares for $25 per share. 6. Dividends declared in 2022 were $1 per share on the preferred shares and 50 cents per share on the common stock. 7. The average market price during 2022 on the common shares was $30 per share. 8. Tudor Co.'s net income in 2022 was $325,000. This amount includes a $75,000 after-tax loss from discontinued operations 9. The income tax rate in 2022 was 25%. $1,500,000 Required: Calculate all required earnings per share amounts for 2022. 2,00,000 Data for Tudor Co for its December 31, 2022 fiscal year follows: 1. On January 1, 2022 the capital structure of the company was: Preferred shares, $1.50, non-cumulative 100,000 shares authorized, 60,000 shares issued and outstanding Common shares, unlimited number authorized, 150,000 shares issued and outstanding 2. Each preferred share is convertible into 2 common shares. 3. On March 31, 2022, 80,000 common shares were issued; on October 1, 2022, 20,000 shares were repurchased. 4. A $500,000, 8% convertible bond was issued on May 1, 2022; each $1,000 bond is convertible into 20 common shares. 5. 10,000 warrants were outstanding in 2022; each warrant allows the holder to purchase 2 common shares for $25 per share. 6. Dividends declared in 2022 were $1 per share on the preferred shares and 50 cents per share on the common stock. 7. The average market price during 2022 on the common shares was $30 per share. 8. Tudor Co.'s net income in 2022 was $325,000. This amount includes a $75,000 after-tax loss from discontinued operations 9. The income tax rate in 2022 was 25%. $1,500,000 Required: Calculate all required earnings per share amounts for 2022. 2,00,000

Answer rating: 100% (QA)

To calculate the earnings per share EPS for Tudor Co for the year 2022 we need to determine both the numerator net income available to common shareholders and the denominator the weighted average numb... View the full answer