Business, 27.12.2019 06:31 xo216aaliyah216xo
Prince corp has the following prince corporation had the following balance sheet on december 31, 2017: current 1iabilities convertible bonds ($ 1,000 par, 4%) common stock ($ 1 par, 100,000 shares issued) additional paid-in-capital retained earnings treasury stock (9,000 shares) total liabilities & equity $545,800 4,900,000 100,000 1,000,00e 2,900,090 360,0e0) $ 7,285,000 the convertible bonds were issued at par on april 1, 2017, and are convertible into prince corp. common stock at a ratio of 25 shares of stock to 1bond. prince did not have any treasury stock on december 31, 2016, and purchased the 9,000 shares evenly throughout 2017. on january 1, 2018, prince corp. purchased an additional 6,000 shares of treasury stock at a price of $ 45 per share. these were the only treasury shares repurchased during 2018 prince corp. also has 60,000 outstanding and exercisable qualified employee stock options. employees obtain one share of prince corp. common stock for each option exercised. the exercise price of each option is $21 per share, and during 2018, the average share price of prince corp. common stock was $40 per share prince's net income for the year ending december 31, 2018 was $ 293,250, and their tax rate for the year was 35% required 1. compute basic eps for the year-ending dec. 31, 2018. show all calculations. 2. compute diluted eps for the year-ending dec. 31, 2018. show all calculations
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