Reference no: EM132948905
Presented below is information related to Radical Company Net Income Capital Structure: $280,000
Convertible 8% preferred stock, $100 par, 6,000
shares issued and outstanding. Each share is convertible into 100 shares of common stock $600,000
$600,000
$500,000 of 7% bonds at 103, which are due April 30, 2022.Each bond is convertible into 200 shares of common stock.
$500,000
Throughout 2026, Radical had 250,000 stock options outstanding; each option allowed the acquisition of 5 shares of common stock at $35 per share.
On January 2 of the current year, Radical purchased Jammin' Corp. One of the terms of the purchase was that if Jicama's Net Income for the current year of any of the next three years is $350,000 or more, 50,000 additional shares would be issued to Jicama stockholders.
100,000 stock purchase warrants outstanding throughout 2026; each warrant allowed the acquisition of one share of common stock at $25.
Other information:
Stock Prices:
January 1 $28
Average $30
December 31 $32
Income Tax Rate 30%
Weighted Average Share Outstanding 100,000 shares
Compute basic earnings per share
Compute complex earnings per share
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