NO.PZ2024011002000024
问题如下：
An analyst collected data about a company as follows:
The preferred
stock can be converted to 10,000 common stocks, while the debt is not
convertible. The diluted earnings per share is closest to:
选项：
A.1.92 B.1.96 C.2.01解释：
If the convertible preferred shares were converted to common stocks, there would be no preferred dividends paid. Thus, we should add back the convertible preferred dividends that had previously been subtracted from net income in the numerator.
Basic EPS = (net income – dividend from preferred stocks) / average weighted number of shares issued = (1,000,000 – 1,000,000×0.04) / 500,000= 1.92
Diluted EPS = (net income – dividend from preferred stocks+ dividend from preferred stocks) / (average weighted number of shares issued + shares from conversion of preferred stocks) = (1,000,000 – 1,000,000×0.04 + 1,000,000×0.04) / (500,000+10,000) = 1.96
1.96 > 1.92, diluted EPS is 1.92.
为什么稀释EPS的分子还要加上 + 1,000,000×0.04
