Reference no: EM133187271
Question - The Mister Corporation had the following information at December 31, 2021, all which are were outstanding during the year:
Common stock 140,000 shares
Convertible preferred stock 25,000 shares
5% convertible bonds $300,000
During 2021, Mister paid dividends of $2.50 per share on the preferred stock. The preferred shares are convertible into 75,000 shares of common stock. The 5% bonds are convertible into 25,000 shares of the common stock.
Assume an income tax rate of 25%.
Required -
a. Compute basic EPS for 2021.
b. Compute diluted EPS for 2021.
c. Show the financial statement presentation of EPS for 2021.
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: During 2021, Mister paid dividends of $2.50 per share on the preferred stock. Show the financial statement presentation of EPS for 2021
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