Homework Answers
| Date | Particulars | No of Share | Cumulative | Period | Ratio (period/12) | Average number of outstanding shares (Final*Ratio) |
| Jan 1, 2018 | Beginning | 66000 | 66000 | 3 | 0.25 | 16500 |
| Apr 1, 2018 | Issue | 20000 | 86000 | 6 | 0.5 | 43000 |
| Oct 1, 2018 | Purchase | -9000 | 77000 | 3 | 0.25 | 19250 |
| 12 | 78750 | |||||
| Net Income | 780000 | |||||
| Less: Preferred Dividend | 50000*10% | -5000 | ||||
| Income available for common stock holder | 775000 | |||||
| Basic EPS=(Net Income-Preferred Dividend)/Average no of outstanding shares | ||||||
| Basic EPS= | 775000/78750 | 9.84 | ||||
| Additional No of Shares: | ||||||
| Preferred Share | 500*4 | 2000 | ||||
| Stock Options: | ||||||
| Proceeds from Issue (16000*20) | 320000 | |||||
| Shares based on Average Market Price 320000/30 | 10667 | |||||
| No. of share from Options | 16000-10667 | 5333 | ||||
| Additional No of shares | 7333 | |||||
| Diluted EPS | 2854000/(1035000+250000 additional share) | |||||
| Diluted EPS | 9.06 |
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Presented below is information related to the Andrews Company for 2018. Use this information to compute...
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