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  • Basic Earning Per Shares $ 2.60

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    fitri
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    This document contains calculations for basic and diluted earnings per share for Year 7. Basic EPS was $2.60, calculated as net income of $6,500,000 minus $0 in preferred dividends, divided by the average number of shares of 2,500,000. Diluted EPS was $2.36, calculated as net income of $6,490,300 minus preferred dividends plus after-tax interest on convertible debt, divided by the average number of shares of 2,750,000.

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    Problem 6-8a_826315

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    This document contains calculations for basic and diluted earnings per share for Year 7. Basic EPS was $2.60, calculated as net income of $6,500,000 minus $0 in preferred dividends, divided by the average number of shares of 2,500,000. Diluted EPS was $2.36, calculated as net income of $6,490,300 minus preferred dividends plus after-tax interest on convertible debt, divided by the average number of shares of 2,750,000.

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    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
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    5 views2 pages

    Basic Earning Per Shares $ 2.60

    Uploaded by

    fitri
    This document contains calculations for basic and diluted earnings per share for Year 7. Basic EPS was $2.60, calculated as net income of $6,500,000 minus $0 in preferred dividends, divided by the average number of shares of 2,500,000. Diluted EPS was $2.36, calculated as net income of $6,490,300 minus preferred dividends plus after-tax interest on convertible debt, divided by the average number of shares of 2,750,000.

    Copyright:

    © All Rights Reserved
    Download as XLSX, PDF, TXT or read online from Scribd
    Flag for inappropriate content
    of 2

    MUHAMAD FITRI BIN SHAHIRAN

    826315
    FRSA (A201)
    DR. SYED MOHD NA'IM
    Problem 6-8a

    1. Basic earning per share for Year 7 is

    Basic earning per share = (Net income - Preferred dividend) / average numbers of shares

    Net Income $ 6,500,000


    Average number of shares 2,500,000
    Preferred Number 0

    Basic earning per shares = $ 2.60

    2. Diluted earning per shares for Year 7


    Diluted earning per shares = (Net income - preferred dividend + after tax interest on convertible debt)/ ave

    $ 6,490,300
    2750000
    diluted earning per shares = $ 2.36
    n convertible debt)/ average number shares

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