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Information concerning the number of options granted and common share prices follows: Date Granted December 31, 2022 December 31, 2023 December 31, 2024 • Options Granted (adjusted for the stock dividend) 8,000 3,000 6,500 Share Price $ 24 $ 33 $ 32 The market price of the common stock averaged $32 per share during 2024. • On July 12, 2022, Dow issued $800,000 of convertible 8% bonds at face value. • Each $1,000 bond is convertible into 30 common shares (adjusted for the stock dividend). Required: Compute Dow's basic and diluted earnings per share for the year ended December 31, 2024. Note: Do not round intermediate calculations. Except for per share amounts, enter your answers in thousands (i.e., 10,000 should be entered as 10). Round "Earnings per share" answer to 2 decimal places. × Answer is complete but not entirely correct. Numerator Dow's basic $ 2,025 ÷ Dow's diluted SA $ 2,025 x ÷ Denominator II Earnings per share 675 = $ 3.00 677 X = $ 2.99 X

Information concerning the number of options granted and common share prices follows: Date Granted December 31, 2022 December 31, 2023 December 31, 2024 • Options Granted (adjusted for the stock dividend) 8,000 3,000 6,500 Share Price $ 24 $ 33 $ 32 The market price of the common stock averaged $32 per share during 2024. • On July 12, 2022, Dow issued $800,000 of convertible 8% bonds at face value. • Each $1,000 bond is convertible into 30 common shares (adjusted for the stock dividend). Required: Compute Dow's basic and diluted earnings per share for the year ended December 31, 2024. Note: Do not round intermediate calculations. Except for per share amounts, enter your answers in thousands (i.e., 10,000 should be entered as 10). Round "Earnings per share" answer to 2 decimal places. × Answer is complete but not entirely correct. Numerator Dow's basic $ 2,025 ÷ Dow's diluted SA $ 2,025 x ÷ Denominator II Earnings per share 675 = $ 3.00 677 X = $ 2.99 X

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Information concerning the number of options granted and common share prices follows: Date Granted December 31, 2022 December 31, 2023 December 31, 2024 • Options Granted (adjusted for the stock dividend) 8,000 3,000 6,500 Share Price $ 24 $ 33 $ 32 The market price of the common stock averaged $32 per share during 2024. • On July 12, 2022, Dow issued $800,000 of convertible 8% bonds at face value. • Each $1,000 bond is convertible into 30 common shares (adjusted for the stock dividend). Required: Compute Dow's basic and diluted earnings per share for the year ended December 31, 2024. Note: Do not round intermediate calculations. Except for per share amounts, enter your answers in thousands (i.e., 10,000 should be entered as 10). Round "Earnings per share" answer to 2 decimal places. × Answer is complete but not entirely correct. Numerator Dow's basic $ 2,025 ÷ Dow's diluted SA $ 2,025 x ÷ Denominator II Earnings per share 675 = $ 3.00 677 X = $ 2.99 X
Transcribed Image Text:Information concerning the number of options granted and common share prices follows: Date Granted December 31, 2022 December 31, 2023 December 31, 2024 • Options Granted (adjusted for the stock dividend) 8,000 3,000 6,500 Share Price $ 24 $ 33 $ 32 The market price of the common stock averaged $32 per share during 2024. • On July 12, 2022, Dow issued $800,000 of convertible 8% bonds at face value. • Each $1,000 bond is convertible into 30 common shares (adjusted for the stock dividend). Required: Compute Dow's basic and diluted earnings per share for the year ended December 31, 2024. Note: Do not round intermediate calculations. Except for per share amounts, enter your answers in thousands (i.e., 10,000 should be entered as 10). Round "Earnings per share" answer to 2 decimal places. × Answer is complete but not entirely correct. Numerator Dow's basic $ 2,025 ÷ Dow's diluted SA $ 2,025 x ÷ Denominator II Earnings per share 675 = $ 3.00 677 X = $ 2.99 X
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