Information from the financial statements of Henderson-Niles Industries included the following at December 31, 2021:Common shares outstanding throughout the yearConvertible preferred shares (convertible into 40 million shares of common)Convertible 8% bonds (convertible into 16.0 million shares of common)100 million50 million$1,400 millionHenderson-NIles's net income for the year ended December 31, 2021, is $710 million. The income tax rate is 25%. Henderson-Nilespaid dividends of $4 per share on its preferred stock during 2021.Required:Compute basic and diluted earnings per share for the year ended December 31, 2021. (Enter your answers in millions (l.e.,10,000,000 should be entered as 10). Round "Earnings per share" answers to 2 decimal places.)Earnings pershareNumeratorDenominatorBasic%3DDiluted

Solution:- 1)Calculation of Basic Earning per share as follows under:- Basic Earning per share =(Net…

Compute basic and diluted earnings per share for the year ended December 31, 2021. (Enter your answell IA 10,000,000 should be entered as 10). Round "Earnings per share" answers to 2 decimal places.) mons (1.e. Earnings per share Numerator Denominator Basic Diluted

Compute basic and diluted earnings per share for the year ended December 31, 2021. (Enter your answell IA 10,000,000 should be entered as 10). Round "Earnings per share" answers to 2 decimal places.) mons (1.e. Earnings per share Numerator Denominator Basic Diluted

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Related questions

Q: Ratio of liabilities to stockholders' equity The following data were taken from Alvarado Company's…

A: Liabilities to stockholders equity ratio = Total liabilities/Total stockholders equity

Q: Accumulated Depreciation as of Dec 31st Cash as of Dec 31st Accounts Receivable as of Dec 31st…

A: Balance Sheet - Balance Sheet is a statement that shows assets, liabilities, and stockholders'…

Q: Current Attempt in Progress Using the following selected items from the comparative balance sheet of…

A: 1. Horizontal Analysis - Horizontal Analysis is a calculated by dividing current year / base year.…

Q: Requirements: a. Prepare horizontal analysis based on the above statements presented (for percent:…

A: Horizontal analysis of financial statements: In horizontal analysis of financial statement, the…

Q: g.Total liabilities: RM_____________. h. Total stockholders’ equity is RM_____________. i.Current…

A: Financial statements represents actual results and position of a business. There are three financial…

Q: la given below. Income Statements for the years ending 31 December 2018 2019 £000 £000 £000 £00C…

A: "Since you have posted a question with multiple sub parts, we will solve first three sub parts for…

Q: The following information is available for Sheffield Corp.. Current assets Total assets Current…

A: Ratio analysis is the process of comparing different financial account line items for a corporation.…

Q: Using the table below create SinCo's Income Statement and Balance Sheet for the Prior Year and…

A: As per the given information; Prior Year Current Year Revenue $4,000 5600 Cost of Goods…

Q: Colby Company's Income Statement reported interest expense of $27,000, income tax expense of…

A: A financial indicator called the times interest earned ratio is used to evaluate a company's…

Q: would represent an example of what type of analysis:

A: Financial statements: It refers to the end reports prepared by n organization to report the…

Q: Cash Accounts Receivable Inventory Current Assets Fixed Assets Gross Accumulated Deprecation Net…

A: The metric widely employed to assess and interpret an entity's financial reports is ratio analysis.…

Q: Interest coverage ratio of JFC *

A: In the given question, we have to calculate the Interest Coverage ratio of the JFC.

Q: alculate (1) Horizon Value (HV) or Terminal Value (TV) and (2) Value of Operations

A: Terminal value or horizon value is the value of a security or a project beyond some point of time…

Q: Retained earnings balance, January 1, 2025 Sales revenue Cost of goods sold Interest revenue Selling…

A: Income statement The initial accounting statement that determines the overall net gains or net…

Q: ash Ccounts receivable quipment, net and tal assets Current Year $7,440 54,000 44,000 91,680…

A: Introduction:- Horizontal analysis is helps to measure of a company's financial statements over a…

Q: plz help

A: TIE Ratio = EBIT / Interest expense So we need to add back the interest expense and income tax…

Q: Ceradyne Corporation, a publicly traded company, started the year ended November 30, 2024, with…

A: Earnings per Share (EPS) is a key financial metric that represents the portion of a company's profit…

Q: Using these data from the comparative balance sheets of Wildhorse Co., perform horizontal analysis.…

A: Horizontal analysis is the way to calculate the variance from the different year by year to show an…

Q: Using the table below create SinCo's Income Statement and Balance Sheet for the Prior Year and…

A: Income Statement Particulars Current Year Sales 4558 Less : Cost of Goods Sold (1,914) Gross…

Q: Using year-end amounts for assets and shareholders' equity, calculate the following ratios for…

A: Total Assets = ta = $8,310,000Share Capital Common Stock = cs = $2,130,000Retained Earning = re =…

Q: sale XX.XX nex 2020 2019 2018 Balance sheet Current assets: Cash 95 $ 65 $ 45 ed fro Investment in…

A: "Since you have posted a question with multiple sub parts, we will solve first three sub parts for…

Q: Perform a horizontal analysis on the following information providing both the dollar amount and…

A: Horizontal analysis is prepared to calculate the variance from previous year by showing…

Q: E9-6 Current Position Analysis Obj. 3 The following data were taken from the comparative balance…

A: WORKING CAPITAL Working Capital is Measure Companies Liquidity & Short Term Financial Health.…

Q: Perform a vertical analysis for the balance sheet entry "Accounts Payable" given below (a decimal…

A: A balance sheet is a measure of an organization's performance. This performance measurement can be…

Q: Sameera's Accounting Services Comparative Balance Sheets As at 30/06/2021 As at 30/06/2020 Current…

A: Vertical analysis is a kind of financial statement analysis wherein each item in the financial…

Q: Suppose these selected condensed data are taken from recent balance sheets of Bob Evans Farms (in…

A: The current ratio measures the organization's ability to meet the short-term liabilities due within…

Q: etained earnings ales revenue Operating expenses ncome taxes payable 29,040 (13,200) 791,840 707,000…

A: When evaluating the pace and direction of changes in a company's financial performance over time,…

Q: Calculate the dividend payout ratio for 2020. (Do not round intermediate calculations.)

A: Lets understand the basics. Dividend payout ratio indicates that, how much amount of net income is…

Q: (d) Debt to assets ratio. (e) Free cash flow. %24 %24

A: Ratio analysis means that various ratio can be calculated with the given date of the company and…

Q: for the year ending december 31 2019, settles inc. eanred an ROI of 8.8%. Sales for the year were 16…

A: Net income: Net income is the excess amount of revenue after deducting all the expenses of a…

Q: Using the table below, complete a Vertical Analysis. Round answers to 1 decimal place. Paragraph V…

A: VERTICAL ANALYSIS OF BALANCE SHEET Vertical Analysis of a Balance sheet provides the Percentage…

Q: Calculate the following ratios for 2025 and 2026. (Round current ratio to 2 decimal places, e.g.…

A: Ratio analysis is a mathematical method for examining the balance sheet and income statement of a…

Q: Compute the current ratio and acid-test ratio for each of the following separate cases. (Round…

A: Current ratio = Current assets / Current liabilities Acid-test = (Current assets - Inventory -…

Q: Prepare a vertical analysis of the income statement below: (round to one decimal place) Revenues…

A: Vertical analysis is the financial statement analysis wherein one line item is taken as base (for…

Q: For this question, please refer to the Fact Pattern below (Same fact pattern as previous question).…

A: EBITDA is frequently used in financial analysis and valuation because it makes it easier to compare…

Q: Required: Fill in all of the missing amounts. (Round "Earnings per share" to 2 decimal places.…

A: Income statement is the financial statement which is prepared to depict the profits of the entity.…

Q: Prepare 2025 income statements and a vertical analysis for Blossom Company and Splish Company (Round…

A: Vertical analysis is a financial reporting method. This method makes use of an anchored figure known…

Q: Number of days sales in receivables 7. number of days sale in inventory 12. return on total asset

A: As per company policy, only 3 subparts can be done.

Q: Based on the information given in picture #1, complete the following ratios for the last TWO years…

A: Ratio analysis is a method of analyzing the financial results of an organization by calculating…

Q: 5. Calculate the following ratios for Everva Corp for Year 1 (round to two decimals, e.g. 12.34,…

A: DEBT RATIODebt Ratio is the Ratio between Total Debt & Total Assets.Total Debt Includes Current…

Q: Assets Cash Receivables (net) Inventory PP & E (net) Patents&Licenses Goodwill Total assets…

A: The balance sheet state the total Assets and total liabilities at the end of year so the total…

Q: What is the Retained earnings - 2020 (restated)?

A: The part of shareholders' equity determined by considering the net income of last year, net profit…

Q: Novak Fashions needs to replace a beltloop attacher that currently costs the company $58,000 in…

A: Accounting rate of return = Average annual income / Average investment =8,766/44,936 = 19.51%

Q: Prepare a vertical analysis of the balance sheets for Year 4 and Year 3. (Percentages may not add…

A: Vertical analysis means the analysis which is done with the figures of one financial year. For…

Q: Need help please. Thank you

A: An income statement is a financial statement that represents the financial performance of the…

Question

100%

Information from the financial statements of Henderson-Niles Industries included the following at December 31, 2021:
Common shares outstanding throughout the year
Convertible preferred shares (convertible into 40 million shares of common)
Convertible 8% bonds (convertible into 16.0 million shares of common)
100 million
50 million
$1,400 million
Henderson-NIles's net income for the year ended December 31, 2021, is $710 million. The income tax rate is 25%. Henderson-Niles
paid dividends of $4 per share on its preferred stock during 2021.
Required:
Compute basic and diluted earnings per share for the year ended December 31, 2021. (Enter your answers in millions (l.e.,
10,000,000 should be entered as 10). Round "Earnings per share" answers to 2 decimal places.)
Earnings per
share
Numerator
Denominator
Basic
%3D
Diluted

Expert Solution

This question has been solved!

Explore an expertly crafted, step-by-step solution for a thorough understanding of key concepts.

This is a popular solution!

SEE SOLUTION Check out a sample Q&A here

Step 1

VIEW

Step 2

VIEW

Step 3

VIEW

Trending now

This is a popular solution!

Step by step

Solved in 3 steps

SEE SOLUTION Check out a sample Q&A here

Knowledge Booster

Learn more about

Need a deep-dive on the concept behind this application? Look no further. Learn more about this topic, accounting and related others by exploring similar questions and additional content below.

Similar questions

Required Prepare a vertical analysis of both the balance sheets and income statements for Year 4 and Year 3. Complete this question by entering your answers in the tabs below. Analysis Bal Sheet Analysis Inc Stmt Prepare a vertical analysis of an income statements for Year 4 and Year 3. (Percentages may not add exactly due to rounding. Round your answers to 2 decimal places. (i.e., .2345 should be entered as 23.45).) ALLENDALE COMPANY Vertical Analysis of Income Statements Year 4 Year 3 Amount % Total Amount % Total Revenues Sales (net) $ 230,000 100.00 % $ 210,000 100.00 % Other revenues 8,000 5,000 Total revenues 238,000 215,000 Expenses Cost of goods sold 120,000 103,000 Selling, general, and administrative expense 55,000 50,000 Interest expense 8,000 7,200 Income tax expense 23,000 22,000 Total expenses 206,000 182,200 Net income $ 32,000 % $ 32,800 %
Calculate with formulas for upvotes?
c
The following trial balance relates to Selt.plc for the year ended 31 December 2021: Equity shares of £1 each Share Premium Retained earnings at 1 January 2021 Property at cost Depreciation on property at 1 January 2021 Plant and equipment at cost Depreciation on plant and equipment at 1 January 2021 Inventory at 1 January 2021 Trade receivables Cash and cash equivalents Trade payables 5% Loan repayable 2026 Revenue Purchases Distribution costs Administrative expenses Research and development expenditure Loan Interest paid Dividend paid Further notes: £'000 34,800 22,800 Required: A Statement of Profit or Loss for the year ended 31 December 2021. A Statement of Financial Position as at 31 December 2021 4,900 4,000 6,840 155,000 22,050 12,750 19,600 300 4,000 287,040 £'000 56,000 2,000 7,780 3,200 4,500 1,560 12,000 200,000 287,040 2) 1) Inventory was valued at £3,800,000 on 31 December 2021. (This valuation is before note (4) below is considered). Property includes land valued at…
Selected current year company information follows: Net income Net sales Total liabilities, beginning-year Total liabilities, end-of-year $ 16,553 718,855 89,932 109,201 Total stockholders' equity, beginning-year 204,935 Total stockholders' equity, end-of-year 130,851 What is the return on total assets? (Do not round intermediate calculations.).
Subject;
The following information is available from the financial statements of Akerley Hospitality 2017 2018 2019 Total assets, December 31, Net income $608,000 $330,000 $1,456,000 59,400 62,400 56,800 a) Calculate Akerley's return on total assets for 2018 and 2019. Please make sure your final answer(s) are in percentage form and are accurate to 2 decimal places. (For example: 12.34%) b) Determine if the change in Akerley's return on total assets is favorable or unfavorable.
Please answer, round off final answers to two decimal places
Need assistance with (a) (4) through (7)
Fill in the Balance Sheet. (Do not round intermediate calculations. Round your answers to 2 decimal places.) Sales $6544 Total Assets Turnover Current Ratio Quick Ratio 0.36 Current Liabilities to Stockholders Equity Average Collection Period (Use End of Year 10 0.8 AR) Total Debt Ratio Cash Accounts Receivables Inventory Assets Total Current Asset Total Net Fixed Assets Total Assets 000 4.6 3.7 3 1422.61 Balance Sheet Liabilities & Equity Accounts Payable Total Current Liabilities Long-Term Debt Total Liabilities Total Shareholders Equity Total Liabilities and Equity 102.43 1035.66 1138.09 284.52
Coronado Corporation had net income for the current year ending December 31, 2023 of $1,164,700. Throughout 2023 the following items were outstanding: ● ● ● 394,000 common shares 20,500 Class A $3 cumulative preferred shares that were convertible to common shares at a rate of 1:1 50,000 Class B $4 non-cumulative preferred shares that were convertible at a rate of 1 common share for every 2 preferred shares. $476,000, 8% bonds that were convertible to 14,000 common shares $360,000, 10% bonds convertible to 12,000 common shares No dividends were declared or paid in 2023. Coronado's tax rate is 25%.
pls answer the following question