Question: Please, completely fill out this table below and show your table on your work. 21 At January 1, 2021, Canaday Corporation had outstanding the following
Please, completely fill out this table below and show your table on your work.

21 At January 1, 2021, Canaday Corporation had outstanding the following securities: 650 million common shares 20 million 6% cumulative preferred shares, $50 par 6.4% convertible bonds, $3,000 million face amount, convertible into 60 million common shares ats The following additional information is available: On September 1, 2021, Canaday sold 69 million additional shares of common stock. Incentive stock options to purchase 80 million shares of common stock after July 1, 2020, at $10 per share, were outstanding at the beginning and end of 2021. The average market price of Canaday's common stock was $16 per share during 2021. Canaday's net income for the year ended December 31, 2021, was $1,974 million. The effective income tax rate was 25%. Required: 1. & 2. Calculate basic and the diluted earnings per common share for the year ended December 31, 2021. (Round "Earnings per share" answers to 2 decimal places. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) Numerator 1 Denominator Earnings per share $ 1,914 / 673 = $ 2.84 Basic Diluted 4 =
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
