Compute diluted earnings per share

Assignment Help Financial Accounting

Reference no: EM13753461

Howat Corporation earned $265,500 during a period when it had an average of 111,200 shares of common stock outstanding. The common stock sold at an average market price of $18 per share during the period. Also outstanding were 36,400 warrants that could be exercised to purchase one share of common stock for $12 for each warrant exercised.

Compute diluted earnings per share?

Reference no: EM13753461

Questions Cloud

Transactions on the taxable business income : Discuss business with Joe during this visit, but Joe wants to maintain good relations to encourage additional business next year - Determine the effect of each of the transactions on the taxable business income.

Financial ratios for the assigned company : Calculate the financial ratios for the assigned company's financial statements, and then interpret those results against company historical data as well as industry benchmarks:

What is explains the lack of cholera outbreaks in japan : explains the lack of cholera outbreaks in Japan? The most important factor in the British conquest of India during the eighteenth century was the.

Amount credited to flaxs capital account : Chase and Hatch are partners and share equally in income or loss. Chase's current capital balance is $186,000 and Hatch's is $162,500. Chase and Hatch agree to accept Flax with a 30% interest in the partnership. Flax invests $166,000 in the partnersh..

Compute diluted earnings per share : Howat Corporation earned $265,500 during a period when it had an average of 111,200 shares of common stock outstanding. The common stock sold at an average market price of $18 per share during the period. Also outstanding were 36,400 warrants that co..

Partnership with capital contributions : Shelby and Mortonson formed a partnership with capital contributions of $230,000 and $330,000, respectively. Their partnership agreement calls for Shelby to receive a $53,000 per year salary. Also, each partner is to receive an interest allowance equ..

What is loyal enterprises operating income : Loyal Enterprises has sales revenue of $125,000 for 2014. Its product sells for $10 and has a 25% contribution margin. Fixed costs are $26,000. What is Loyal Enterprises operating income for 2014?

Fantastic futons manufactures futons : Fantastic Futons manufactures futons. The estimated number of futon sales for the first three months of 2014 are as follows: Finished goods inventory at the end of 2013 was 10,000 units. On average, 25% of the futons to be sold in the next month are ..

Identify and describe the practical issues : Identify and describe the practical issues that arise when conducting an evaluation of a product

User Account

All Pages