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patriot [66]
3 years ago
8

Culver Corporation earned $262,000 during a period when it had an average of 100,000 shares of common stock outstanding. The com

mon stock sold at an average market price of $15 per share during the period. Also outstanding were 13,500 warrants that could be exercised to purchase one share of common stock for $10 for each warrant exercised.(a) Are the warrants dilutive?
(b) Compute basic earnings per share. (Round answer to 2 decimal places, e.g. $2.55.)
(c) Compute diluted earnings per share.
Business
1 answer:
Westkost [7]3 years ago
5 0

Answer:

a) The warrant are Dilutive

b) Basic EPS $2.62

c) Diluteed EPS = $2.31

Explanation:

a) The warrants are dilute because the cost of exercising the rights is lover than the market price

b) Basic Eps = Total Earning/Share Outstanding = $262,000/100,000 = $2.62

c) Diluted Eps = Earnings/(Shares outstanding+potential shares)

= $262,000/(100,000+13,500) = $2.31    

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klemol [59]

Answer:

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Explanation:

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3 years ago
A state police force has set a height requirement of 5 feet 10 inches for all officers. this requirement is irrelevant to job ef
PolarNik [594]
The answer would be racism and sexism, I hope this helps!
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2 years ago
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For its three investment centers, Gerrard Company accumulates the following data: I II III Sales $2,060,000 $4,019,000 $4,085,00
Andrej [43]

Answer:

Investment centre           ROI

1                                    24.9%

II                                   32.0%

III                                 34.0%

Explanation:

<em>Return on Investment is the proportion of operating assets that an investment center earned as as net operating income. </em>

It is calculated as follows

ROI = operating income/operating assets

Investment centre

I                                            1,267,000/5,068,000=24.9%

II                                              2,579,840/8,062,000=32.0%

III                                          4,137,800/12,170,000=34.0%

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3 years ago
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All MRP systems should be regularly updated in order to be efficient.

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