Raymond James had 100,000 shares of common stock outstanding on January 1, 2021. On September 30, 2021, Raymond James sold 40,000 shares of common stock for cash. Raymond James also had 6,000 shares of convertible preferred stock outstanding throughout 2021. The preferred stock is $100 par, 6%, and is convertible into 3 shares of common for each share of preferred. Raymond James also had 420, 8%, convertible bonds outstanding throughout 2021. Each $1,000 bond is convertible into 30 shares of common stock. The bonds sold originally at face value. Reported net income for 2021 was $270,000 with a 40% tax rate. Common shareholders received $1.20 per share dividends after preferred dividends were paid in 2021.   Required: Compute basic and diluted earnings per share for 2021. (Round your answers to 2 decimal places.)

Benjy Inc has 7,000,000 shares of common stock outstanding on December 31, 2022. An additional 1,000,000 shares of common stock were issued on April 1, 2023, and 500,000 more on July 1, 2023. On October 1, 2023, Benjy declared a 20% stock dividend. On November 1, Benjy purchased 120,000 of its own stock. During the year, Benjy declared a preferred dividend of $100,000. For 2023, Benjy's net income was $11,000,000. Compute EPS (round to the nearest penny if necessary). SHOW ALL COMPUTATIONS.

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Crane Co. had 195000 shares of common stock, 19300 shares of convertible preferred stock, and $1498000 of 6% convertible bonds outstanding during 2025. The preferred stock is convertible into 40400 shares of common stock. During 2025, Crane paid dividends of $0.80 per share on the common stock and $4 per share on the preferred stock. Each $1000 bond is convertible into 30 shares of common stock. Crane's net income for 2025 was $593000 and its income tax rate was 30%. Basic earnings per share for 2025 is O $2.44. O $2.65. O $2.52. O $2.32.

Waterway Industries had 200000 shares of common stock, 19300 shares of convertible preferred stock, and $592000 of 12% convertible bonds outstanding during 2021. The preferred stock is convertible into 39400 shares of common stock. During 2021, Waterway paid dividends of $0.55 per share on the common stock and $1.70 per share on the preferred stock. Each $1,000 bond is convertible into 45 shares of common stock. The net income for 2021 was $364000 and the income tax rate was 30%.Diluted earnings per share for 2021 is (rounded to the nearest penny)

Meman

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On May 1, 2014, Payne Co. issued $900,000 of 7% bonds at 102, which are due on April 30, 2024. Twenty detachable stock warrants entitling the holder to purchase for $40 one share of Payne’s common stock, $15 par value, were attached to each $1,000 bond. The bonds without the warrants would sell at 96. On May 1, 2014, the fair value of Payne’s common stock was $35 per share and of the warrants was $2.   On May 1, 2014, Payne should credit Paid-in Capital from Stock Warrants for $36,560. $36,720. $37,080. $65,000.

During 2021, Farewell Inc. had 500,000 shares of common stock and 50,000 shares of 6% cumulative preferred stock outstanding. The preferred stock has a par value of $100 per share. Farewell did not declare or pay any dividends during 2021. Farewell's net income for the year ended December 31, 2021, was $2.5 million. The income tax rate is 25%. Farewell granted 10,000 stock options to its executives on January 1 of this year. Each option gives its holder the right to buy 20 shares of common stock at an exercise price of $29 per share. The options vest after one year. The market price of the common stock averaged $30 per share during 2021. What is Farewell's diluted earnings per share for 2021, rounded to the nearest cent? O $3.14. O $4.90. $4.34. O Cannot determine from the given information.

5)  Ehrlich Corporation has 400,000 shares of common stock outstanding throughout 2021. In addition, the corporation has 5,000, 20-year, 9% bonds issued at par in 2019. Each $1,000 bond is convertible into 20 shares of common stock after 9/23/22. During the year 2021, the corporation earned $900,000 of net income. The tax rate was 25%.   Ehrlich Corporation has 400,000 shares of common stock outstanding throughout 2021. In addition, the corporation has warrants exercisable at $20 each to obtain 80,000 shares of common stock when the average market price of the common stock was $25.. During the year 2021, the corporation earned $900,000 of net income.     Instructions Compute the basic earnings per share for 2021, and the diluted earnings per share under each of the above situations (note-BEPS is the same for both a and b).