Basic And Diluted EPS The Following Information Was Taken From The Books And Records Of Ludwick, Inc.: 1. Net Income $ 420,000 2. Capital Structure:

Basic and Diluted EPS                
The following information was taken from the books and records of Ludwick, Inc.:                
1.   Net Income                                              $ 420,000                
2.   Capital Structure:                
a.   Convertible 6% bonds. Each of the 300, $1,000 bonds is convertible into 50 shares of common stock at the present date and for the next 10 years.                                420,000                
b.   $ 10 par common stock, 200,000 shares issued and outstanding during the entire year.                                  2,000,000                
c.   Stock warrants outstanding to buy 16,000 shares of common stock at $20 per share                
3.   Other information:                
a.   Bonds converted during the year                                                   None                
b.   Income Tax Rate                                                                             30%                
c.   Convertible debt was outstanding the entire year                
d.   Avg Market Price per share of common stock during the year        $32                
e.   Warrants were outstanding the entire year                
f.    Warrants exercised during the year                                               None                
Compute Basic and Diluted Earnings Per Share. Use the following format:

Our writing company helps you enjoy campus life. We have committed and experienced tutors and academic writers who have a keen eye in writing papers related to Business, Management, Marketing, History, English, Media studies, Literature, nursing, Finance, Medicine, Archaeology, Accounting, Statistics, Technology, Arts, Religion, Economics, Law, Psychology, Biology, Philosophy, Sociology, Political science, Mathematics, Engineering, Ecology etc.

Need Custom Written Paper?

-Plagiarism free

-Timely delivery