Question: just need help with the numerator for the diluted At January 1, 2018, Canaday Corporation had outstanding the following securities: 680 million common shares 25
At January 1, 2018, Canaday Corporation had outstanding the following securities: 680 million common shares 25 million 8% cumulative preferred shares, $50 par 9% convertible bonds, $2.500 million face amount, convertible into 90 million common shares The following additional information is available: On September 1, 2018, Canaday sold 75 million additional shares of common stock. - Incentive stock options to purchase 60 million shares of common stock after July 1, 2017, at $12 per share were outstanding at the beginning and end of 2018. The average market price of Canaday's common stock was $18 per share during 2018 . Canaday's net income for the year ended December 31, 2018, was $1,508 million. The effective income tax rate was 40% Required: 1. & 2. Calculate basic and the diluted earnings per common share for the year ended December 31, 2018. (Enter your answers in millions (i... 10,000,000 should be entered as 10).) Basic Diluted S $ Numerator Answer is complete but not entirely correct. 1,4008 1.576 Denominator 705 815 Earnings per share 2.00 1.93
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