The following information was taken from the books and records of


Question Description:

30

Oct 24, 2015. The following information was taken from the books and records of Ludwick, Inc.: 1. Net Income $419,000 2. Capital Structure a. Convertible 6% bonds. Each of the 250, $1,000 bonds is convertible into 50 shares of common stock at the present date and for the next 10 years. 250,000 b. $10 par common stock, 200,000 shares issued and outstanding during the entire year. 2,000,000 c. Stock warrants outstanding to buy 14,560 shares of common stock at $20 per share. 3. Other Information: a. Bonds converted during the year None b. Income tax rate 30% c. Convertible debt was outstanding the entire year d. Average market price per share of common stock during the year $32 e. Warrants were outstanding the entire year f. Warrants exercised during the year None Compute basic earnings per share. (Round answer to 2 decimal places, e.g. 52.75.) Basic earnings per share $ Link to Text Compute diluted earnings per share. (Round answers to 2 decimal places, e.g. 52.75.) Security EPS Common Stock $ Warrants $ Conversion Bonds $ DeaconIceDove1340
posted a question ยท Oct 24, 2015 at 6:16pm

Answer

30