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Category > Business & Finance Posted 14 Dec 2017 My Price 10.00

Collins Corp.’s capital structure

Collins Corp.’s capital structure was as follows:

                                                                                   December 31________

                                                                                  Year  4   Year 5

            Outstanding shares of stock:

                        Common                                 100,000             100,000

                        Convertible preferred             10,000                  10,000

                Convertible bonds                     $1,000,000      $1,000,000

During Year 5, Collins paid dividends of $3.00 per share on its preferred stock.  The preferred shares are convertible into 20,000 shares of common stock.  The interest rate of convertible bonds is 9%. For each $1,000 unit convertible bond, it is convertible into 30 shares of common stock.  Assume that the income tax rate is 30%.

 

 

1. If net income for Year 5 is $300,000, Collins should report BEPS and DEPS as

 

2. If net income for Year 5 is $250,000, Collins should report BEPS and DEPS as

 

3. If net income for Year 5 is $160,000, Collins should report BEPS and DEPS as

 

 

 

 

 

 

 

 

  • If net income for Year 5 is $250,000, Collins should report BEPS and DEPS as

Answers

CourseLover
(12)
Status NEW Posted 14 Dec 2017 02:12 PM My Price 10.00

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