Business, 28.11.2019 04:31 pr47723

At january 1, 2016, canaday corporation had outstanding the following securities:
600 million common shares
20 million 6% cumulative preferred shares, $50 par
8% convertible bonds, $2,000 million face amount, convertible into 80 million common shares
the following additional information is available:
• on september 1, 2016, canaday sold 72 million additional shares of common stock.
• incentive stock options to purchase 60 million shares of common stock after july 1, 2015, at $12 per share were outstanding at the beginning and end of 2016. the average market price of canaday’s common stock was $18 per share during 2016.
• canaday's net income for the year ended december 31, 2016, was $1,476 million. the effective income tax rate was 40%.
required:
1. & 2.
calculate basic and the diluted earnings per common share for the year ended december 31, 2016.(enter your answers in millions (i. e., 10,000,000 should be entered as

Answers: 1

Show answers

Other questions on the subject: Business

Business, 21.06.2019 19:20, rhettnyah

What is the most direct result of free trade supplying productive resources to areas where they're most needed? a. enhanced efficiency b. lower interest rates c. increasing specialization d. greater competition 2b2t

Answers: 3

continue

Business, 21.06.2019 20:40, eaarnold

Alocal club is selling christmas trees and deciding how many to stock for the month of december. if demand is normally distributed with a mean of 100 and standard deviation of 20, trees have no salvage value at the end of the month, trees cost $20, and trees sell for $50 what is the service level?

Answers: 2

continue

Business, 22.06.2019 11:50, dinero0424

After graduation, you plan to work for dynamo corporation for 12 years and then start your own business. you expect to save and deposit $7,500 a year for the first 6 years (t = 1 through t = 6) and $15,000 annually for the following 6 years (t = 7 through t = 12). the first deposit will be made a year from today. in addition, your grandfather just gave you a $32,500 graduation gift which you will deposit immediately (t = 0). if the account earns 9% compounded annually, how much will you have when you start your business 12 years from now?

Answers: 1

continue

Business, 23.06.2019 12:40, BlehBlehBlehBleh

Intoxicated and not aware of the consequences, umberto agrees to a two-year cell-phone service contract with wander talk, inc., at more than the average market price. this contract is not enforceable because the contract clearly favors wander talk. not enforceable because umberto was intoxicated enough to lack mental capacity when he agreed to it. not enforceable because contracting parties can change their minds. enforceable.

Answers: 3

continue

You know the right answer?

At january 1, 2016, canaday corporation had outstanding the following securities:
600 million...