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Coron Corp. nad $800 net income in 2020. The weighted average number of shares to compute Basic EPS is 205 shares. The tax rate is 20%. There are 30 options to buy common stock at $40 a share. The market price of the common stock averaged $50 during 2020. During 2020, there were 40 shares of cumulative convertible preferred stock outstanding. The preferred is $100 par, pays $3.50 per share annual dividend, and is convertible into three shares of common stock Colson issued $2,000 of 11.25% convertible bonds at face value during 2019. Each $1,000 bond is convertible into 30 shares of common stock. REQUIRED: Fill in the blanks below. Round to the nearest penny, e.g., round $1.2453 to $1.25 for Basic EPS and Incremental EPS calculations. Basic EPS is: [Select] Assuming conversion of the option, what are the impacts on the numerator and denominator in calculating Diluted EPS? Numerator impact: $ [Select ] Denominator incremental shares impact [Select) 6 0 Increm None of the above nds is $ (Select) INCREMENTAL EPS & BASIC + DILUTED EPS Colson Corp. had $800 net income in 2020. The weighted average number of shares to compute Basic EPS is 205 shares. The tax rate is 20%. There are 30 options to buy common stock at $40 a share. The market price of the common stock averaged $50 during 2020. During 2020, there were 40 shares of cumulative convertible preferred stock outstanding. The preferred is $100 par, pays $3.50 per share annual dividend, and is convertible into three shares of common stock Colson issued $2,000 of 11.25% convertible bonds at face value during 2019. Each $1,000 bond is convertible into 30 shares of common stock. REQUIRED: Fill in the blanks below. Round to the nearest penny, e.g., round $1.2453 to $1.25 for Basic EPS and Incremental EPS calculations. Basic EPS is: [Select] Assuming conversion of the option, what are the impacts on the numerator and denominator in calculating Diluted EPS? Numerator impact: $ [Select] : Denominator impact: [Select] incremental shares Incremental EPS of the convertible bonds is [Select ] 3.00 6.00 Coron Corp. nad $800 net income in 2020. The weighted average number of shares to compute Basic EPS is 205 shares. The tax rate is 20%. There are 30 options to buy common stock at $40 a share. The market price of the common stock averaged $50 during 2020. During 2020, there were 40 shares of cumulative convertible preferred stock outstanding. The preferred is $100 par, pays $3.50 per share annual dividend, and is convertible into three shares of common stock Colson issued $2,000 of 11.25% convertible bonds at face value during 2019. Each $1,000 bond is convertible into 30 shares of common stock. REQUIRED: Fill in the blanks below. Round to the nearest penny, e.g., round $1.2453 to $1.25 for Basic EPS and Incremental EPS calculations. Basic EPS is: [Select] Assuming conversion of the option, what are the impacts on the numerator and denominator in calculating Diluted EPS? Numerator impact: $ [Select ] Denominator incremental shares impact [Select) 6 0 Increm None of the above nds is $ (Select) INCREMENTAL EPS & BASIC + DILUTED EPS Colson Corp. had $800 net income in 2020. The weighted average number of shares to compute Basic EPS is 205 shares. The tax rate is 20%. There are 30 options to buy common stock at $40 a share. The market price of the common stock averaged $50 during 2020. During 2020, there were 40 shares of cumulative convertible preferred stock outstanding. The preferred is $100 par, pays $3.50 per share annual dividend, and is convertible into three shares of common stock Colson issued $2,000 of 11.25% convertible bonds at face value during 2019. Each $1,000 bond is convertible into 30 shares of common stock. REQUIRED: Fill in the blanks below. Round to the nearest penny, e.g., round $1.2453 to $1.25 for Basic EPS and Incremental EPS calculations. Basic EPS is: [Select] Assuming conversion of the option, what are the impacts on the numerator and denominator in calculating Diluted EPS? Numerator impact: $ [Select] : Denominator impact: [Select] incremental shares Incremental EPS of the convertible bonds is [Select ] 3.00 6.00

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