Gnatius Corporation had 10 million shares of common stock outstanding during the current calendar year. It issued 27,000, $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 270,000 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 $37 million: Basic EPS Diluted EPS a. $ 3.78 $ 3.26 b. $ 3.62 $ 3.36 c. $ 3.70 $ 3.26 d. $ 3.62 $ 3.50
Answers: 2
Business, 22.06.2019 05:30
Suppose jamal purchases a pair of running shoes online for $60. if his state has a sales tax on clothing of 6 percent, how much is he required to pay in state sales tax?
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Business, 22.06.2019 13:30
Over the past year, three of the star salesmen at family resorts international's corporate office have been lured away to competitors. on top of that, karina, the general manager of the sales department, has noticed that most employees come in, do their jobs, and leave. family resorts offers a good salary, benefits, and tuition reimbursement, as well as a number of development and training programs. most employees seem contented enough, but karina would like to do something to increase the level of engagement among her staff. what do you think karina should do?
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Business, 22.06.2019 18:00
If you would like to ask a question you will have to spend some points
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Business, 22.06.2019 19:50
Managers in a firm hired to improve the firm's profitability and ultimately the shareholders' value will add to the overall costs if they pursue their own self-interests. what does this best illustrate? a. diseconomies of scale b. principal-agent problem c. experience-curveeffects d. information asymmetries
Answers: 1
Gnatius Corporation had 10 million shares of common stock outstanding during the current calendar ye...
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