Business, 06.04.2021 01:50 KaseyT

Ignatius Corporation had 13 million shares of common stock outstanding during the current calendar year. It issued 24,000, $1,000, convertible bonds on January 1. Each bond is convertible into 50 shares of common stock. The bonds were issued at face amount and pay interest semiannually at an annual rate of 12%. On June 30, Ignatius issued 240,000 shares of $100 par 6% cumulative preferred stock. Dividends are declared and paid quarterly. Ignatius has an effective tax rate of 40%. Ignatius would report the following EPS data (rounded to 2 decimal places) on its net income of $34 million: Basic EPS Diluted EPS a. $ 2.67 $ 2.39 b. $ 2.56 $ 2.47 c. $ 2.62 $ 2.39 d. $ 2.56 $ 2.57

Answers: 1

Show answers

Another question on Business

Business, 21.06.2019 22:20

Outstanding stock consists of 8,300 shares of cumulative 7% preferred stock with a $10 par value and 4,300 shares of common stock with a $1 par value. during the first three years of operation, the corporation declared and paid the following total cash dividends. year dividend declared 2016 $ 0 2017 $ 7,300 2018 $ 45,000 the amount of dividends paid to preferred and common shareholders in 2018 is:

Answers: 2

Answer

Business, 22.06.2019 05:10

Suppose that the free states of eldricia, a small nation, has consumption, investment, government purchases, imports, and exports as follows. consumption $140 investment $50 government purchases $45 imports $30 exports $15 calculate the free states of eldricia's gdp

Answers: 2

Answer

Business, 22.06.2019 07:30

What is the relationship between the national response framework and the national incident management system (nims)? a. the national response framework replaces the nims, which is now obsolete. b. the response protocols and structures described in the national response framework align with the nims, and all nims components support response. c. the nims relates to local, state, and territorial operations, whereas the nrf relates strictly to federal operations. d. the nims and the national response framework cover different aspects of incident managementâ€”the nims is focused on tactical planning, and the national response framework is focused on coordination.

Answers: 3

Answer

Business, 22.06.2019 21:50

Which three of the following expenses can student aid recover? -tuition -television -school supplies -parties and socializing -boarding/housing

Answers: 2

Answer

You know the right answer?

Ignatius Corporation had 13 million shares of common stock outstanding during the current calendar y...

Questions