Farmhill Ltd had common shares outstanding on JanuaryX the beginning of its X fiscal year. During the year, on May, the company issued preferred shares convertible into common shares on a for basis. These preferred shares have a $ annual cumulative dividend. The investors must convert the shares to common shares by AprilX During the year, there were no conversions and the dividends were declared and paid on November. The company reported net profit of $ and total comprehensive income of $ for the year ended December X

Required:

Calculate the companys basic and diluted EPS for XDo not round intermediate calculations and round your answers to decimal places.

Answer rating: 100% (QA)

Basic EPS Calculation 1 Weighted Average Number of Common S... View the full answer