Assignment Task: Presented below is information related to Starr Company.
1. Net Income [including a discontinued operations gain (net of tax) of $69,000] $229,5002.
2. Capital Structure
a. Cumulative 5% preferred stock, $100 par, 6,300 shares issued and outstanding $630,000.
b. $10 par common stock, 74,000 shares outstanding on January 1. On April 1, 40,000 shares were issued for cash. On October 1, 16,000 shares were purchased and retired. $1,000,000.
c. On January 2 of the current year, Starr purchased Oslo Corporation. One of the terms of the purchase was that if Oslo net income for the following year is $237,000 or more, 50,000 additional shares would be issued to Oslo stockholders next year. Oslo's net income for the current year was $2,600,000.
3. Other Information-
a. Average market price per share of common stock during entire year $30.
b. Income tax rate 30%.
Required:
1. Compute weighted average shares outstanding.
2. Compute earnings per share for the current year.
Whether, you have any kind of academic tasks related to Weighted Average Shares Outstanding; the proficient and skilled tutors of Weighted Average Shares Outstanding Assignment Help service is always there to help you out from all your assignment dilemmas.
Tags: Weighted Average Shares Outstanding Assignment Help, Weighted Average Shares Outstanding Homework Help, Weighted Average Shares Outstanding Coursework, Weighted Average Shares Outstanding Solved Assignments, Earnings Per Share Assignment Help, Earnings Per Share Homework Help