Maurice Tutor

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About Maurice Tutor

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Algebra,Applied Sciences,Biology,Calculus,Chemistry,Economics,English,Essay writing,Geography,Geology,Health & Medical,Physics,Science Hide all
Teaching Since: May 2017
Last Sign in: 398 Weeks Ago, 1 Day Ago
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Education

  • MCS,PHD
    Argosy University/ Phoniex University/
    Nov-2005 - Oct-2011

Experience

  • Professor
    Phoniex University
    Oct-2001 - Nov-2016

Category > Management Posted 30 Nov 2017 My Price 8.00

Ainsworth, Inc.

Net loss; stock dividend; nonconvertible preferred stock; treasury shares; shares sold; discontinued operations

On December 31, 2015, Ainsworth, Inc., had 600 million shares of common stock outstanding. Twenty million shares of 8%, $100 par value cumulative, nonconvertible preferred stock were sold on January 2, 2016. On April 30, 2016, Ainsworth purchased 30 million shares of its common stock as treasury stock. Twelve million treasury shares were sold on August 31. Ainsworth issued a 5% common stock dividend on June 12, 2016. No cash dividends were declared in 2016. For the year ended December 31, 2016, Ainsworth reported a net loss of $140 million, including an after-tax loss from discontinued operations of $400 million.

Required:

1. Determine Ainsworth’s net loss per share for the year ended December 31, 2016.

2. Determine the per share amount of income or loss from continuing operations for the year ended December 31, 2016.

3. Prepare an EPS presentation that would be appropriate to appear on Ainsworth’s 2016 and 2015 comparative income statements. Assume EPS was reported in 2015 as $.75, based on net income (no discontinued operations) of $450 million and a weighted-average number of common shares of 600 million.

 

Answers

Maurice Tutor
(5)
Status NEW Posted 30 Nov 2017 09:11 PM My Price 8.00

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