Metlock Company's net income for 2025 is $49,200. The only potentially dilutive securities outstanding were 1,100 options issuedduring 2024, each exercisable for one share at $6. None has been exercised, and 9,900 shares of common were outstanding during2025. The average market price of Metlock's stock during 2025 was $15.a. Compute diluted earnings per share. (Round answer to 2 decimal places, e.g. 2.55.)Diluted earnings per share $b. Assume the same facts as those assumed for part (a), except that the 1,100 options were issued on October 1, 2025 (rather than in2024). The average market price during the last 3 months of 2025 was $15. (Round answer to 2 decimal places, e.g. 2.55.)Diluted earnings per share $

Earnings per share is the per share value paid to the shareholders of the entity from the profits.…

Answered: Metlock Company's net income for 2025…

Financial Accounting

14th Edition

ISBN:9781305088436

Author:Carl Warren, Jim Reeve, Jonathan Duchac

Publisher:Carl Warren, Jim Reeve, Jonathan Duchac

Chapter13: Corporations: Organization, Stock Transactions, And Dividends

Section: Chapter Questions

Problem 4CP

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Sheffield Company's net income for 2025 is $53,200. The only potentially dilutive securities outstanding were 1,000 options issued during 2024, each exercisable for one share at $6. None has been exercised, and 10,700 shares of common were outstanding during 2025. The average market price of Sheffield's stock during 2025 was $25. a. Compute diluted earnings per share. (Round answer to 2 decimal places, e.g. 2.55.) Diluted earnings per share $ b. Assume the same facts as those assumed for part (a), except that the 1,000 options were issued on October 1, 2025 (rather than in 2024). The average market price during the last 3 months of 2025 was $25. (Round answer to 2 decimal places, e.g. 2.55.) Diluted earnings per share
Windsor Company’s net income for 2020 is $51,500. The only potentially dilutive securities outstanding were 900 options issued during 2019, each exercisable for one share at $6. None has been exercised, and 10,700 shares of common were outstanding during 2020. The average market price of Windsor’s stock during 2020 was $18.(a) Compute diluted earnings per share. (Round answer to 2 decimal places, e.g. $2.55.) Diluted earnings per share $ (b) Assume the same facts as those assumed for part (a), except that the 900 options were issued on October 1, 2020 (rather than in 2019). The average market price during the last 3 months of 2020 was $18. (Round answer to 2 decimal places, e.g. $2.55.) Diluted earnings per share $
Crane Corp's net income for 2023 is $153,920. The only potentially dilutive securities outstanding were 2,400 call options issued during 2022, with each option being exercisable for one share at $24. None have been exercised, and 38,000 common shares were outstanding during 2023. The average market price of the company's shares during 2023 was $30. Your answer is correct. Calculate diluted earnings per share for the year ended December 31, 2023. (Round answer to 2 decimal places, e.g. 15.25.) Diluted earnings per share eTextbook and Media × Your answer is incorrect. $ 4.00 Assuming that the 2,400 call options were instead issued on November 1, 2023 (rather than in 2022), calculate diluted earnings per share for the year ended December 31, 2023. The average market price during the last two months of 2023 was $30. (Round answer to 2 decimal places, e.g. 15.25.) Diluted earnings per share $ 4.00
Tamarisk Company's net income for 2025 is $598.000, and 84,000 shares of common stock were issued and outstanding during 2025. The only potentially dilutive securities outstanding were 27,000 executive stock options issued during 2024, each exercisable for one share at $19.00, none of these have been exercised. The average market price of Tamarisk's stock during 2025 was $25. (a) Compute diuted earnings per share. (Round answer to 2 decimal places, eg 2.55) Diluted earnings per share $ (b) Assume the same facts as those assumed for part (a), except that 10.000 additional options were issued on October 1, 2025, with an exercise price of $26 (the market price of the common stock on that date). The average market price during the last 3 months of 2025 was $28.00. (Round answer to 2 decimal places, eg. 2.55) Diluted earnings per share $
Indigo Company's net income for 2025 is $641,000, and 79,000 shares of common stock were issued and outstanding during 2025. The only potentially dilutive securities outstanding were 27,000 executive stock options issued during 2024, each exercisable for one share at $19.50; none of these have been exercised. The average market price of Indigo's stock during 2025 was $25. (a) Compute diluted earnings per share. (Round answer to 2 decimal places, e.g. 2.55.) Diluted earnings per share $ (b) Assume the same facts as those assumed for part (a), except that 10,000 additional options were issued on October 1, 2025, with an exercise price of $26 (the market price of the common stock on that date). The average market price during the last 3 months of 2025 was $28.50. (Round answer to 2 decimal places, e.g. 2.55.) Diluted earnings per share $
Current Attempt in Progress. Blossom Corporation reported net income of $436,700 in 2025 and had 187,000 shares of common stock outstanding throughout the year. Also outstanding all year were 34,500 options to purchase common stock at $10 per share. The average market price of the stock during the year was $15. Compute diluted earnings per share. (Round answer to 2 decimal places, e.g. 3.55.) Diluted earnings per share eTextbook and Media Save for Later Attempts: 0 of 10 used Submit Answer
Marin Company’s net income for 2020 is $691,000, and 91,000 shares of common stock were issued and outstanding during 2020. The only potentially dilutive securities outstanding were 23,000 executive stock options issued during 2019, each exercisable for one share at $21.00, none of these have been exercised. The average market price of Marin’s stock during 2020 was $26.50.(a) Compute diluted earnings per share. (Round answer to 2 decimal places, e.g. 2.55.) Diluted earnings per share $enter a dollar amount rounded to 2 decimal places (b) Assume the same facts as those assumed for part (a), except that 10,000 additional options were issued on October 1, 2020, with an exercise price of $27.50 (the market price of the common stock on that date). The average market price during the last 3 months of 2020 was $30.00. (Round answer to 2 decimal places, e.g. 2.55.) Diluted earnings per share $enter the diluted earnings per share in dollar rounded to 2 decimal places
Venzuela Company's net income for 2020 is $50,000. The only potentially dilutive securities outstanding were 1,000 options issued during 2019, each exercisable for one share at $6. None has been exercised, and 10,000 shares of common were outstanding during 2020. The average market price of Venzuela's stock during 2020 was $20. Instructions a. Compute diluted earnings per share. (Round to nearest cent.) b. Assume the same facts as those assumed for part (a), except that the 1,000 options were issued on October 1, 2020 (rather than in 2019). The average market price during the last 3 months of 2020 was $20.
Ayayai Company’s net income for 2020 is $52,900. The only potentially dilutive securities outstanding were 1,040 options issued during 2019, each exercisable for one share at $6. None has been exercised, and 10,900 shares of common were outstanding during 2020. The average market price of Ayayai’s stock during 2020 was $20.(a) Compute diluted earnings per share. Diluted earnings per share $
Marigold Corporation had 2020 net income of $1,066,000. During 2020, Marigold paid a dividend of $2 per share on 36,350 shares of preferred stock. During 2020, Marigold had outstanding 301,000 shares of common stock.Compute Marigold’s 2020 earnings per share. (Round answer to 2 decimal places, e.g. 3.56.) Earnings per share $enter earnings per share in dollars rounded to 2 decimal places per share
Carla Corporation reported net income of $644,000 in 2017 and had 234,000 shares of common stock outstanding throughout the year. Also outstanding all year were 63,300 options to purchase common stock at $10 per share. The average market price of the stock during the year was $15. Compute diluted earnings per share. (Round answer to 2 decimal places, e.g. 15.25.)
Oriole Company had net income for 2021 of $603000. The average number of shares outstanding for the period was 201000 shares. The average number of shares under outstanding options, at an option price of $29 per share is 12600 shares. The average market price of the common stock during the year was $36. What should Oriole Company report for diluted earnings per share for the year ended 2021?

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