Barnyard, Inc.’s 2008 income statement lists the following income and expenses: EBIT = $502,000, Interest expense = $48,000, and Taxes = $154,000. Barnyard’s has no preferred stock outstanding and 220,000 shares of common stock outstanding. What are its 2008 earnings per share? (Round answer to 2 decimal places.)
The Fitness Studio, Inc.’s 2018 income statement lists the following income and expenses:
| EBIT | $777,000 |
| Interest expense | $170,000 |
| Taxes | $212,450 |
The firm has no preferred stock outstanding and 100,000 shares of common stock outstanding.
Calculate the 2018 earnings per share.
An election is being held to fill three seats on the board of directors of a firm in which you hold stock. The company has 2,500 shares outstanding. If the election is conducted under cumulative voting and you own 300 shares, how many more shares must you buy to be assured of earning a seat on the board?
During 2016, ZZZ Corp. reported a net income of $115,600 and had 200,000 shares of common stock outstanding for the entire year. ZZZ also had 1,000 shares of 10% of $100 par, preferred stock outstanding during 2016. During 2015, ZZZ issued 600, $1,000 par, 7% bonds for $600,000 (issued at par). Each of these bonds is convertible to 100 shares of common stock. The tax rate is 40%.
What will be the company’s diluted EPS in 2016?
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