Current Attempt in Progress Metlock Corporation earned $2,825,000 during 2025. The company had a weighted-average of 495,000 shares of common stock outstanding. The average market price of common stock was $35 per share during the year. The company also had 45,000 warrants outstanding, of which two warrants could be exercised to purchase one share of common stock for $33 in total. (a) Are the warrants dilutive? (b) Compute basic earnings per share. (Round answer to 2 decimal places, e.g. 2.55.) Basic earnings per share $ (c) Compute diluted earnings per share. (Round answer to 2 decimal places, e.g. 2.55.) Diluted earnings per share $ e Textbook and Media Save for Later Attempts: 0 of 3 used Submit Answer

Current Attempt in Progress Metlock Corporation earned $2,825,000 during 2025. The company had a weighted-average of 495,000 shares of common stock outstanding. The average market price of common stock was $35 per share during the year. The company also had 45,000 warrants outstanding, of which two warrants could be exercised to purchase one share of common stock for $33 in total. (a) Are the warrants dilutive? (b) Compute basic earnings per share. (Round answer to 2 decimal places, e.g. 2.55.) Basic earnings per share $ (c) Compute diluted earnings per share. (Round answer to 2 decimal places, e.g. 2.55.) Diluted earnings per share $ e Textbook and Media Save for Later Attempts: 0 of 3 used Submit Answer

Intermediate Accounting: Reporting And Analysis

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter15: Contributed Capital

Section: Chapter Questions

Problem 16E: Contributed Capital Adams Companys records provide the following information on December 31, 2019:...

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Larkspur Corporation earned $2,859,000 during 2020. The company had a weighted-average of 533,000 shares of common stock outstanding. The average market price of common stock was $31 per share during the year. The company also had 50,000 warrants outstanding, of which two warrants could be exercised to purchase one share of common stock for $29 in total.(a) Are the warrants dilutive?select an option (b) Compute basic earnings per share. (Round answer to 2 decimal places, e.g. 2.55.) Basic earnings per share $enter the basic earnings per share in dollar rounded to 2 decimal places (c) Compute diluted earnings per share. (Round answer to 2 decimal places, e.g. 2.55.) Diluted earnings per share $enter the diluted earnings per share in dollar rounded to 2 decimal places
Assume General Motors announced a quarterly profit of $119 million for 4th quarter 2022. Below is a portion of its balance sheet. Conduct a horizontal analysis of the following line items (rounding percent to nearest hundredth): LU 16-1(2) 2022 (dollars in millions) $ 15,980 Cash and cash equivalents Marketable securities Inventories Goodwill Total liabilities and equity 9,222 13,642 - $103,249 2021 (dollars in millions) $ 15,499 16,148 14,324 1,278 $144.603 Difference % CHG
During the year 2021 a company earned P376,000 during a period when it had an average of 100,000 shares of common stock outstanding. The common stock sold at an average market price of P21 per share during the period. Also outstanding were 15,000 warrants that could be exercised to purchase one share of common stock for P14 for each warrant exercised. a.Are the warrants dilutive in nature? b. Find basic eps? c.Find diluted eps?
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