For the fiscal year ended june 30 2012 calculate the

Reference no: EM13480046

Long-term debt
Notes payable, 10%		$1,089,000
8% convertible bonds payable		5,185,000
10% bonds payable		6,178,000
Total long-term debt		$12,452,000

Shareholders' equity
Preferred stock, 6% cumulative, $58 par value, 107,600 shares authorized, 26,900 shares issued and outstanding		$1,560,200
Common stock, $1 par, 10,118,000 shares authorized, 1,011,800 shares issued and outstanding		1,011,800
Additional paid-in capital		4,016,600
Retained earnings		6,014,200
Total shareholders' equity		$12,602,800

The following transactions have also occurred at Fitzgerald.

1.		Options were granted on July 1, 2011, to purchase 204,600 shares at $17 per share. Although no options were exercised during fiscal year 2012, the average price per common share during fiscal year 2012 was $25 per share.
2.		Each bond was issued at face value. The 8% convertible bonds will convert into common stock at 58 shares per $1,000 bond. The bonds are exercisable after 5 years and were issued in fiscal year 2011.
3.		The preferred stock was issued in 2011.
4.		There are no preferred dividends in arrears; however, preferred dividends were not declared in fiscal year 2012.
5.		The 1,011,800 shares of common stock were outstanding for the entire 2012 fiscal year.
6.		Net income for fiscal year 2012 was $1,542,000, and the average income tax rate is 45%.

For the fiscal year ended June 30, 2012, calculate the following for Fitzgerald Pharmaceutical Industries. (Round the answers to 2 decimal places, e.g. $2.45.)

(a) Basic earnings per share.

Basic earnings per share

(b) Diluted earnings per share.

Diluted earnings per share

Reference no: EM13480046

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