Estimating basic earnings per share

Reference no: EM13149363

Rice Inc. had 420 million shares of common stock and 1 million shares of 6%, $200 par, cumulative preferred stock outstanding at the end of 2008 and 2009. No dividends were declared or paid on either class of stock in either year. Net income for 2009 was $398.4 million. The company's tax rate is 30%. Compute basic earnings per share for the year ended December 31, 2009.

Reference no: EM13149363

Questions Cloud

Determine depreciation for annual adjustment purposes : On January 1, 2012, the truck was overhauled at a cost of $20,000, which extended the useful life of the truck for an additional two years beyond that originally estimated (salvage value is still estimated at $24,000). In computing depreciation fo..

Normal distribution of demand : Kelly does not want to be out of stock on more than 1% of his orders. There is a one-day delivery time. The standard deviation of demand is five plugs per day. Assume a normal distribution of demand during lead time and a 7-day work week.

Explain what the government would have to do to keep : Open a Word document and insert the image by pressing the Ctrl+V keys simultaneously. Give reasons to explain what the government would have to do to keep the unemployment rate at 3 percent

Evaluate employer-s knowledge of employees : do the calculations. Show all your steps. P(B/A) = P (B1/A1) * P (B2/A2) * P(B3/A3). Evaluate the employer's knowledge of his/her employees.

Estimating basic earnings per share : Rice Inc. had 420 million shares of common stock and 1 million shares of 6%, $200 par, cumulative preferred stock outstanding at the end of 2008 and 2009.

What is the percent by mass of nahco3 in a solution : What is the percent by mass of NaHCO3 in a solution containing 80 g of NaHCO3 dissolved in 600 mL of H2O?

How does advertising become unethical : How does advertising become unethical? B- What steps must each part of the advertising "communication" process take to ensure that it remains ethical

Explain insulated cylinder fitted with a frictionless piston : An incompressible fluid (p(ro)= const) is contained in an insulated cylinder fitted with a frictionless piston. Can energy as work be transferred to the fluid?

Consequences for an economy of inflation and deflation : Compare and contrast the possible consequences for an economy of inflation and deflation.

User Account

All Pages