Lucky Co. had earnings per share of $150 for 2013 before taking any dilutive securities into consideration.
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Lucky Co. had earnings per share of $150 for 2013 before taking any dilutive securities into consideration. No conversion or exercise of dilutive securities took place in 2013. However, possible conversion of convertible preference share would have reduced earnings per share to $130. The effect of possible exercise of ordinary share warrants would have reduced earnings per share by an additional $10. What is the maximum amount that Lucky Co., may report as a single presentation of earnings per share for 2013?
Related Book For
Fundamentals of Investments Valuation and Management
ISBN: 978-0077283292
5th edition
Authors: Bradford D. Jordan, Thomas W. Miller
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