Drako Corp. had the following activity related to its common shares for the year ending...
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Drako Corp. had the following activity related to its common shares for the year ending December : Shares outstanding, Jan stock dividend, Apr Shares issued, Jul Shares repurchased, Oct Shares issued, Dec Ending balance, Dec Net Income $ Additional information: Drako issued $ cumulative preferred shares for $ however, dividends were not declared during During Drako had stock options outstanding that were in the money The exercise price of the options is $ while the market price was $ Requirements: a Calculate the weighted average number of shares. b Calculate basic EPS. c Calculate full diluted EPS.
Drako Corp. had the following activity related to its common shares for the year ending December :
Shares outstanding, Jan
stock dividend, Apr
Shares issued, Jul
Shares repurchased, Oct
Shares issued, Dec
Ending balance, Dec
Net Income $
Additional information:
Drako issued $ cumulative preferred shares for $ however, dividends were not declared during
During Drako had stock options outstanding that were in the money The exercise price of the options is $ while the market price was $
Requirements:
a Calculate the weighted average number of shares.
b Calculate basic EPS.
c Calculate full diluted EPS.
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