# 问

NO.PZ2016012102000039

Given the following information, calculate the company's diluted EPS:

company has net income of $200,000 and 150,000 common shares outstanding from the beginning of the year. Company also has 1,000, 8%,$1,000 par bonds convertible into 24 shares each,

outstanding as of the beginning of the year. The tax rate is 35%.

A.

$1.1. B.$1.3

C.

$2.17. 解释： Basic EPS = $\frac{\200,000}{150,000}=\1.3$ Check if the convertible bonds are dilutive: Impact of numerator= (1,000 x 1,000 x 0.08) x (1 - 0.35) =$52,000

Impact of denominator = (1,000 x 24) = 24,000 shares

Impact per share =

$\frac{\52,000}{24,000shares}=\2.17$

$2.17 > basic EPS of$1.3, so the bonds are antidilutive. Then the diluted EPS = basic EPS = \$1.3.

Net income = 200,000+1,000×1,000×8%×(1-35%) =252,000

share = 150,000+1,000×24 =174,000

EPS = [200,000+1,000×1,000×8%×(1-35%)]/(150,000+1,000×24)=1.45

52000 为什么这样算？可否解释一下？

###### 1 个答案

52000的计算，是计算如果可转债转换成股票后，那相关的债券利息就不需要支付了，从而公司的NI可以增加，但是只增加税后的利息部分

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