Calculate basic earning per share-diluted earnings per share

Assignment Help Financial Management

Reference no: EM131188443

Hughes Technology has had net income of $450,000 in the current fiscal year. There are 100,000 shares of common stock outstanding along with convertible bonds, which have a face value of $1.2 million. The $1.2 million is represented by 1,200 different $1,000 bonds. Each $1,000 bond pays 6 percent interest. The conversion ratio is 20. The firm is in a 30 percent tax bracket.

a. Calculate Hughes's basic earnings per share.

b. Calculate Hughes's diluted earnings per share.

Show all work

Reference no: EM131188443

Questions Cloud

Calculate the mass of 3 moles of glycine : Calculate the percent nitrogen by mass in glycine. [Sections 3.3 and 3.5]

Traditional analysis and a focused competitor analysis : Discuss the difference between a traditional analysis and a focused competitor analysis. And when its appropriate to use either one?

Qualified individuals with disabilities : The ADA creates a protected class called "qualified individuals with disabilities." Discuss what this phrase means and how one qualifies for protection. Response has to be at least 150 words.

Strategic role and purpose of organizational behavior : Describe the strategic role and purpose of organizational behavior for the company selected in Week One. Identify the organizational factors of organizational behavior for the company selected in Week One.

Calculate basic earning per share-diluted earnings per share : Hughes Technology has had net income of $450,000 in the current fiscal year. There are 100,000 shares of common stock outstanding along with convertible bonds, which have a face value of $1.2 million. The $1.2 million is represented by 1,200 differen..

International manager for an american mnc : You have a term project due in Unit 8 but it is highly recommended you begin working on this project this week. You are the international manager for an American MNC that specializes in high-end winter sports gear.

Create a method in your survey class called logresponse : Create a method in your Survey class called "logResponse()." This method should take three arguments. Implement the enhancements to your Survey class according to the requirements presented above.

What are the elements of social structures : What is social interaction? What are the elements of social structures? How does this apply to the activity you just completed? What are the functions of social institutions? How do you see this applied in your life?

Problem regarding the immigration enforcement : Immigration enforcement issues have continued to grow in complexity and intensity over the past several years. These debates have stemmed from legal battles, state's rights, and Department of Homeland Security jurisdiction over immigration enforce..

User Account

All Pages