subject
Business, 19.06.2020 23:57 nya6557

Thrifty Co. reported net income of $732,000 for its fiscal year ended January 31, 2014. At the beginning of that fiscal year, 248,000 shares of common stock were outstanding. On October 31, 2013, an additional 45,000 shares were issued. No other changes in common shares outstanding occurred during the year. Also during the year, the company paid the annual dividend on the 23,000 shares of 7%, $25 par value preferred stock that were outstanding the entire year. Required:

a.

Calculate basic earnings per share of common stock for the year ended January 31, 2014. (Round your answer to 2 decimal places. (e. g., 32.16))

b.

If Thrifty Co.'s preferred stock were convertible into common stock, diluted earnings per share can also be calculated. TRUE/ FALSE

ansver
Answers: 2

Other questions on the subject: Business

image
Business, 22.06.2019 09:00, Moocow17
Almost 80% of business owners are clueless about the competition, resulting in a) lost market share and customers. b) needless lawsuits. c) uninspired products. d) lack of perseverance
Answers: 2
image
Business, 22.06.2019 14:10, miacervenka
When paul o’neill joined alcoa as ceo, he set a , that there would be zero workplace accidents. a lot of people in the organization thought this was impossible given how dangerous some aluminum-manufacturing jobs are, but alcoa’s safety record improved tremendously. as the board of governors of the american red cross considers planning, one option is to make strategic plans and then direct managers to align tactical and operational plans accordingly. another option is to have planning specialists managers across the organization make their own plans. why might this organization’s executives opt for the latter approach? check all that apply. (a) the environment is a dynamic one, and department and frontline managers can come up with more responsive plans than can central leadership. (b)resources will be better coordinated across the organization in support of the overall strategy.(c) senior leadership will have more control over the organization’s direction. (d)when managers come up with their own plans, they are likely to be more committed to following through on them.
Answers: 2
image
Business, 22.06.2019 18:00, maxout67
*will mark brainliest! * when a company spends resources (labor, money) to give customers "free" items, those costs are called a. investment costs b. economic costs c. scarcity costs d. opportunity costs answer asap!
Answers: 1
image
Business, 22.06.2019 19:00, EllaSue
Lucy is catering an important luncheon and wants to make sure her bisque has the perfect consistency. for her bisque to turn out right, it should have the consistency of a. cold heavy cream. b. warm milk. c. foie gras. d. thick oatmeal.
Answers: 3
You know the right answer?
Thrifty Co. reported net income of $732,000 for its fiscal year ended January 31, 2014. At the begin...

Questions in other subjects: