Answer: TRUE
Explanation:BASIC EARNINGS PER SHARE is a term used in the financial Securities market to mean the NET INCOME available to common shareholders.
DILLUTED EARNINGS PER SHARE is a term used in the financial Securities market to describe the outstanding profits available to common shareholders, after all the preferred stocks, warrants,convertible securities have been converted to common stocks.
Preferred stocks are also called hybrid stock, because it has certain features of common stock and convertible securities,it has a higher priority than common stock to payment of dividend etc.
Convertible debt securities are debt securities which can be converted to common stocks.
It basic earnings and diluted earning per share will definitely not be the same for such a firm.
Answer:
B. I and III only
Explanation:
I. The stock price has increased by 3.4% during the current year.
YTD% chg 3.4% means share price change by the rate of 3.4%.
III. The earnings per share are approximately $1.89.
P/E ratio = 17.5
Closing price = $33.10
EPS = $33.10 / 17.5
= $1.89.
Therefore, The correct option is I and III only.
Answer:
11.97%
Explanation:
Common size statement value of inventory is where all accounts are expressed as a percentage of total assets.
Total assets = Net fixed assets + Current assets
= $544 + $300
= $844
Common size statement value of inventory = Inventory ÷ Total assets
= $101 ÷ $844
= 0.1197
= 11.97%
Answer:
7,727 units
Explanation:
According to the scenario, computation of the given data are as follows:
Department S beginning = 500 units
Completed % in process = 70%
Total completed during period = 7,600 units
End of period = 900 units 53 % completed
So, we can calculate the units of production using FIFO method.
Check attachment for the Solution.
The attachment is attached below.
