could someone please assist with the below denominator calculations On December Berclair Incorporated had million shares of common stock and million shares of $ par value
cumulative preferred stock issued and outstanding.
On March Berclair purchased million shares of its common stock as treasury stock.
Berclair issued a common stock dividend on July
Four million treasury shares were sold on October
Net income for the year ended December was $ million.
Also outstanding at December were million incentive stock options granted to key executives on September
The options were exercisable as of September for million common shares at an exercise price of $ per share.
During the market price of the common shares averaged $ per share.
Required:
Compute Berclair's basic and diluted earnings per share for the year ended December Shares for stock options and
conversion of convertible securities have been adjusted for any stock split or stock dividend.
Note: Do not round intermediate calculations. Enter your answers in millions ie should be entered as
