NO.PZ2024030503000207
问题如下:
Question选项:
A.€0.38.
B.€0.48.
C.€0.63.
解释:
Solution-
Incorrect because it subtracts the preferred dividends from net income in the diluted EPS calculation. Accordingly, Diluted EPS = (€2,500,000 – 1,000,000 × €1) ÷ (2,000,000 + 2 × 1,000,000) = €1,500,000 ÷ 4,000,000 = €0.375 ≈ €0.38.
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Incorrect because it subtracts the preferred dividends multiplied with an after-tax percentage from net income in the diluted EPS calculation. Accordingly, Diluted EPS = (€2,500,000 – 1,000,000 × €1 × (1 – 0.4) ) ÷ (2,000,000 + 2 × 1,000,000) = €1,900,000 ÷ 4,000,000 = €0.475 ≈ €0.48.
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Correct because when a company has convertible preferred stock outstanding, diluted EPS is calculated using the if-converted method. The formula to calculate diluted EPS using the if-converted method for preferred stock is: Diluted EPS = Net income ÷ (Weighted average number of shares outstanding + New common shares that would have been issued at conversion). Therefore, Diluted EPS = €2,500,000 ÷ (2,000,000 + 2 × 1,000,000) = €2,500,000 ÷ 4,000,000 = €0.625 ≈ €0.63. However, diluted EPS, by definition, is always equal to or less than basic EPS. Basic EPS = (Net income - Preferred dividends) ÷ (Weighted average number of shares outstanding) = (€2,500,000 – 1,000,000 × €1) ÷ 2,000,000 = €1,500,000 ÷ 2,000,000 = €0.75. Therefore the convertible preferred stocks are dilutive and diluted EPS = €0.63.
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请问分子为什么不减可转换优先股股利