Please Solve in excell
Required:Using the data below, calculate the seven required items related to EPS and diluted EPs
Tips:This spreadsheet contains macros which will provide realtime feedback on EACH cell in the shaded area.Your score on the assignment will be calculated based upon the % of the 7 cells that are completed correctly.Use cell referencing where you can and work in order (i.e. start with required #1.
The information below pertains to Hood Company for 2026. Net income for the year 6% convertible bonds issued at par ($1,000 per bond); each bond is convertible into 60 shares of common stock 4% convertible, cumulative preferred stock, $100 par value; each share is convertible into 4 shares of common s Shares of common stock,$1par value Tax rate for 2026 Average market price of common stock,per share
$9,410,000 4,930,000 2,450,000 9,760,000 20% 20
There were no changes during the year in the number of common shares,preferred shares,or convertible bonds outstanding.There is no treasury stock.The company also has common stock options (granted in a prior year) to purchase 120,000 shares of common stock at $12 per share.
Required-Calculate the following: 1 Preferred dividends paid 2 Basic eamings per share 3 Incremental shares issued for stock options 4 Incremental shares issued for convertible bonds 5 Interest savings for convertible bonds (inclusive of tax effect) 6 EPS effect of convertible,cumulative preferred stock (numerator/denominator impact) 7 Final diluted earnings per share
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