a.
Indicate the purpose of showing basic and diluted earnings per share (EPS) to the investors.
b.
Compute the dollar amount of extraordinary loss.
c.
Compute the market price of the share of NY Studios, if the price-earnings per share is 10 times, and basic EPS is $6.90.
d-1.
Compute the estimated basic EPS of NY Studios, if the revenue and expenses increase by 10%, and basic EPS of income from continuing operations is $8.20, and the convertible preferred shares are not converted into common shares.
2.
Compute the estimated basic EPS of NY Studios, if the revenue and expenses increase by 10%, and diluted EPS of income from continuing operations is $6.80, and the convertible preferred shares are converted into common shares.
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