Compute basic and diluted earnings per share

Assignment Help Financial Accounting
Reference no: EM132982292

Problem - Roper Technologies had 100,000 shares of common stock outstanding on January 1, 2021. On September 30, 2021, Roper sold 39,000 shares of common stock for cash. Roper also had 5,500 shares of convertible preferred stock outstanding throughout 2021. The preferred stock is $100 par, 7%, and is convertible into 3 shares of common for each share of preferred. Roper also had 410, 9%, convertible bonds outstanding throughout 2021. Each $1,000 bond is convertible into 30 shares of common stock. The bonds sold originally at face value. Reported net income for 2021 was $310,000 with a 40% tax rate. Common shareholders received $1.10 per share dividends after preferred dividends were paid in 2021. Compute basic and diluted earnings per share for 2021.

Reference no: EM132982292

Questions Cloud

Which of the factors paces the client at risk for infection : A nurse is caring for a client who is 4hr postpartum and is experiencing hypovolemic shock. Which of the following actions should the nurse take?
Which of the actions should the nurse include in the plan : A nurse is planning care for a full-term newborn who is receiving phototherapy. Which of the actions should the nurse include in the plan of care?
What are the required rates of return on the four stocks : At the time these betas were developed, reasonable estimates for the risk-free rate, What are the required rates of return on the four stocks
Explain benefits of incentive plans as a conclusion : Explain Benefits of Incentive Plans as a conclusion.
Compute basic and diluted earnings per share : Common shareholders received $1.10 per share dividends after preferred dividends were paid in 2021. Compute basic and diluted earnings per share for 2021
Which clients should the nurse auscultate fetal heart rate : A nurse is caring for four clients. For which of the following clients should the nurse auscultate the fetal heart rate during the prenatal visit?
What constitutes appropriate behavior : The reasonable woman standard recognizes that women have different ideas than men of what constitutes appropriate behavior.
Make strategic human resources decisions : Discuss how data analytics is used to make strategic human resources decisions within an organization. How can technology be used to extract this data?
How much in dividends was paid to preferred shares : How much in dividends was paid to preferred and common shares in 2013 to 2017, assuming the preferred shares are cumulative

Reviews

Write a Review

Financial Accounting Questions & Answers

  Probability distributions-long-term corporate bonds

What is the probability that in any given year, the return on long-term corporate bonds will be greater than 10 percent? Less than 0 percent?

  Would you be more confident about your revenue

Highlight the main areas of concern you would have about the accuracy of your forecasts - in particular, would you be more confident about your revenue or expense forecasts?

  Question 1under ricky cos job order costing system

question 1.under ricky co.s job order costing system manufacturing overhead is applied to work in process using a

  What is the amount of the overhead under absorbed

What is the amount of the overhead under-/over-absorbed? Budgeted overheads Khs.493,200. Budgeted machine hours 10,960

  Prepare a statement of retained earnings-stockholders equity

Prepare a statement of retained earnings at December 31, 2013. Prepare the stockholders' equity section at December 31, 2013.

  Determine the revised profit and loss ratio of the partners

Determine the revised profit and loss ratio of the partners, assuming there was no agreement made after the purchase was made

  How much should nina pay to pay off the full invoice amount

How much should Nina pay to pay off the full invoice amount? Nina recieves an invoice from Office Depot dated April 5th, 2017 for $900 with terms 6/10

  Give necessary journal entries for the disposal of machinery

Give the necessary journal entries for the disposal of the machinery and the acquisition of the motor vehicle on 1 July 2019.

  Balance sheet preparation use the appropriate items

Balance sheet preparation Use the appropriate items from the following list to prepare in good form Mellark’s Baked Goods balance sheet at December 31, 2015.

  What should the reported net cash

Deferred income tax liability (long-term) $9,000 increase. In Selsbury's 2017 cash flow statement, what the reported net cash provided by operating activities

  Differences in depreciation methods in financial records

Accelerated depreciation methods such as sum-of-years-digits lead to lower expenses/higher incomes earlier in an equipment's life and higher expenses/lower incomes later in the equipment's life. Differences between depreciation methods in financial r..

  What happens to the portion that is not deducible

Alsop Corporation, a calendar year C Corp, had the following income and expenses in 2015: What is Alsop Corporation’s charitable deduction for 2015? What happens to the portion that is not deducible, if any?

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd