What is ajax basic and diluted earnings per share

Assignment Help Financial Accounting
Reference no: EM132815332

Problem 1: On January 1, 2027, Ajax Corporation had 5 million shares of common stock, issued and outstanding. On April 1, 2027 Ajax issued an additional 1 million shares of common stock. Ajax also has $20 million face value, 4.25% convertible bonds outstanding for the entire year. The bonds are convertible into 1 million common shares. Ajax has a tax rate of 20% and net income of $10 million in 2027. What is Ajax's basic and diluted earnings per share for 2027, respectively?

option 1: $1.74; $1.58

option 2: $2.00; $1.58

option 3: $1.74; 1.61

option 4: $2.00; $1.78

Reference no: EM132815332

Questions Cloud

How do students develop communicative competence : Elementary teachers are often times involved in curriculum decisions for language arts. How do students develop communicative competence using the six language.
Discuss the diagnostic criteria of adhd : Discuss the diagnostic criteria of ADHD and the different types and recommend what treatment is most appropriate for each type.
Generate valid and reliable results : How can a pre-service teacher like you ensure that the assessment tools that you will be using will generate valid and reliable results?
Determine DHSC Total Current Liabilities as of Dec : Dubai Hardware Stores Co. (DHSC) reported the following accounts as of Dec. 31, 2019. Determine DHSC Total Current Liabilities as of Dec. 31, 2019
What is ajax basic and diluted earnings per share : Ajax has a tax rate of 20% and net income of $10 million in 2027. What is Ajax's basic and diluted earnings per share for 2027, respectively?
Write an article explaining brain research and its impact : Using three research articles written in the past 5 years about brain research and child development, write an article explaining brain research and its impact.
What should ajax do to account for the granted stock option : Ajax Corporation, The options vest in three years. At the end of the first year, what should Ajax do to account for these granted stock options?
Compute the profitablity of each type of chair : Compute the profitablity of each type of chair (please show all the computational steps). (Negative values should be indicated by a minus sign
Kimberle crenshaw brings up the idea of frames : In her TED Talk, Kimberlé Crenshaw brings up the idea of "frames." Both required texts analyze systems of domination.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd