Warrens earnings per share

Assignment Help Accounting Basics

Reference no: EM13123983

On December 31, 2008, Warren Industries had 300 million shares of common stock and 2 million shares of 8%, noncumulative, nonconvertible preferred stock issued and outstanding. Warren issued a 4% common stock dividend on April 30 and paid cash dividends of $200 million and $39 million to common and preferred shareholders, respectively, on December 15, 2009.

On March 1, 2009, Warren sold 30 million common shares. In keeping with its long-term share repurchase plan, 2 million shares were retired on June 30. Warren's net income for the year ended December 31, 2009, was $1,050,000,000. The income tax rate is 40%.

Required:

Compute Warren 's earnings per share for the year ended December 31, 2009.

Reference no: EM13123983

Questions Cloud

Find out the appropriate income statement presentation : Determine the appropriate income statement presentation (sales, cost of sales, gross profit, operating income or expense, non-operating income or expense) for each item noted above. Note that L&L presents a subtotal for operating income on the income..

What phi is an isomorphism : Suppose that Phi (f) is an isomorphism. Is f then an isomorphism? Alternatively, suppose that Phi (G) and Phi (G')

Linear algebra-vector spaces : Could you give me one of your concise explanations with examples as to how to use them? I am struggling with the abstract aspects of this concept.

Which has the lowest freezing point : Which has the lowest freezing point: CaF2, (NH4)3PO4, C6H12O6, or NaNO3?

Warrens earnings per share : On March 1, 2009, Warren sold 30 million common shares. In keeping with its long-term share repurchase plan, 2 million shares were retired on June 30. Warren's net income for the year ended December 31, 2009, was $1,050,000,000. The income tax rat..

Estimate the expected value of peak voltage : Give an estimate of the change in expected peak voltage with a 1% increase in light absorption. Estimate the expected value of peak voltage when % light absorption is 20.

Imports attractive products for domestic sales : Write an introduction that states the purpose of the document; the name of the fictitious company, its location, and its import strategy; and a summary of the subjects that will be covered in the plan.

Substitution and elimination to solve linear equation : Please solve the following system of equations using both of these methods (solve once using substitution and once using elimination):

Interpersonal communication : Oral Communication in English: Forms, Functions, and Strategies in the Malaysian Context. 1. Introduction, 2. The Oral Communication Process, 3. Interpersonal Communication, 4. Small Group Communication, 5. Public Communication 6. Conclusion

User Account

All Pages