MSSN SPRTS INC reported the following information about its financial performance and capital structure:

	Net Income	$ 500
	Tax Rate	30%
Common Stock
Jan-1	Shares Outstanding	100
Feb-1	Shares Sold	25
Jun-17	Stock Dividend	50%
Nov-1	Shares reacquired	80
Convertible Preferred Stock
Jan-1	Shares Outstanding	30
	Dividend rate	10%
	Par Value	$ 10
	Common Shares if Converted	50
Stock Options
Jan-1	Options Outstanding	30
	Exercise Price	$ 10
	Avg. market price of common shares during 2021	$ 15
Convertible Bonds issued at par
	Face Value	500
	Interest Rate	9%
	Common Shares if Converted	30

Please calculate MSSN SPRTS INC Basic EPS.

Question 1 options:

	2.92
	4.37
	2.75
	3.13

Question 2 (2 points)

MSSN SPRTS INC reported the following information about its financial performance and capital structure:

	Net Income	$ 500
	Tax Rate	30%
Common Stock
Jan-1	Shares Outstanding	100
Feb-1	Shares Sold	25
Jun-17	Stock Dividend	50%
Nov-1	Shares reacquired	80
Convertible Preferred Stock
Jan-1	Shares Outstanding	30
	Dividend rate	10%
	Par Value	$ 10
	Common Shares if Converted	50
Stock Options
Jan-1	Options Outstanding	30
	Exercise Price	$ 10
	Avg. market price of common shares during 2021	$ 15
Convertible Bonds issued at par
	Face Value	500
	Interest Rate	9%
	Common Shares if Converted	30

Please calculate MSSN SPRTS INC Diluted Weighted Average Shares.

Question 2 options:

	181
	171
	261
	231

Question 3 (2 points)

MSSN SPRTS INC reported the following information about its financial performance and capital structure:

	Net Income	$ 500
	Tax Rate	30%
Common Stock
Jan-1	Shares Outstanding	100
Feb-1	Shares Sold	25
Jun-17	Stock Dividend	50%
Nov-1	Shares reacquired	80
Convertible Preferred Stock
Jan-1	Shares Outstanding	30
	Dividend rate	10%
	Par Value	$ 10
	Common Shares if Converted	50
Stock Options
Jan-1	Options Outstanding	30
	Exercise Price	$ 10
	Avg. market price of common shares during 2021	$ 15
Convertible Bonds issued at par
	Face Value	500
	Interest Rate	9%
	Common Shares if Converted	30

Please calculate MSSN SPRTS INC Diluted EPS.

Question 3 options:

	2.04
	2.12
	2.03
	2.38

 

Answer rating: 100% (QA)

Ans Q1 Topic Basic EPS Net Profit attributable to Equity shares Weighted averag... View the full answer