Please show all work DiGianivittorio Company has 1,500,000 shares of common stock outstanding during the...
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DiGianivittorio Company has 1,500,000 shares of common stock outstanding during the year 2015. In addition, at December 31, 2015, 500,000 shares of stock options were outstanding. Each stock option requires a $25 cash payment upon exercise. The average market price of the outstanding common stock during 2015 was $35. Net income for the year was $3,000,000.
Philip C. Company has 400,000 shares common stock outstanding. In addition, Philip C. also had 50,000 shares of $100 par 6% convertible preferred stock. Each share of preferred stock can be converted into 2 shares of common stock. Net income for the year was $1,600,000 and the tax rate is 30%.
Amandeep started the year with 500,000 shares of common stock outstanding. On April 1, she issued 200,000 shares. On July 15, she had a 2:1 stock split. On November, she purchased back 100,000 shares (treasury stock).
What is the weighted number of share Amandeep has outstanding? _______________
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