esg problems

PROBLEM 2: Assume Company has the following information for 2020 - Assume net income for year of $50,000 and 10,000 shares of common stock. - Assume convertible preferred shares that are convertible into 1,500 shares of common stock; preferred dividends paid during the year were $6,000. - $100,000 in convertible bonds outstanding during the year. Interest on the bonds was $8,000 and they are convertible into 3,000 shares of common stock. - Assume a tax rate of 40%. REQUIRED - Compute basic earnings per share; Compute diluted earnings per share. PROBLEM 3: Assume Company has the following information for 2020 (the change from Problem 2 is underlined) - Assume net income for year of $50,000 and 10,000 shares of common stock. - Assume convertible preferred shares that are convertible into 2,000 shares of common stock; preferred dividends paid during the year were $6,000. - $100,000 in convertible bonds outstanding during the year. Interest on the bonds was $8,000 and they are convertible into 3,000 shares of common stock. - Assume a tax rate of 40%. REQUIRED - Compute basic earnings per share; Compute diluted earnings per share PROBLEM 2: Assume Company has the following information for 2020 - Assume net income for year of $50,000 and 10,000 shares of common stock. - Assume convertible preferred shares that are convertible into 1,500 shares of common stock; preferred dividends paid during the year were $6,000. - $100,000 in convertible bonds outstanding during the year. Interest on the bonds was $8,000 and they are convertible into 3,000 shares of common stock. - Assume a tax rate of 40%. REQUIRED - Compute basic earnings per share; Compute diluted earnings per share. PROBLEM 3: Assume Company has the following information for 2020 (the change from Problem 2 is underlined) - Assume net income for year of $50,000 and 10,000 shares of common stock. - Assume convertible preferred shares that are convertible into 2,000 shares of common stock; preferred dividends paid during the year were $6,000. - $100,000 in convertible bonds outstanding during the year. Interest on the bonds was $8,000 and they are convertible into 3,000 shares of common stock. - Assume a tax rate of 40%. REQUIRED - Compute basic earnings per share; Compute diluted earnings per share