At January M E Galnor Corporation had outstanding the following securitles:
million common shares
million cumulative preferred shares, $ par
convertible bonds, $ million face amount, convertible into million common shares
The following additional information is avallable:
On September M E Galnor sold million additional shares of common stock.
Incentive stock options to purchase million shares of common stock after July at $ per share, were outstanding at the beginning and end of The average market price of Gainor's common stock was $ per share during
Galnor's net Income for the year ended December was $ million. The effective Income tax rate was
Required:
& Calculate basic and the diluted earnings per common share for the year ended December
Note: Do not round intermediate calculations. Except for per share amounts, enter your answers in millions e should be entered as Round "Earnings per share" answer to decimal places.
tableNumerator,Denominator,Earnings per shareBasicDiluted
