Fox has the following transaction in 2022: 1/1: Outstanding shares: 200,000 common ($2 par) 3/1: Fox issues 35,000 cum. 8% preferred ($50 par) convertible to 250,000 common 5/1: Fox declares a 2 for 1 common stock split 6/1: Fox issues 150,000 common shares at a $25 market price 7/1: Fox grants 100,000 common stock options, $15 exercise price & $20

Sep 8, 2023

Fox has the following transaction in 2022:

1/1: Outstanding shares: 200,000 common ($2 par)

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Fox has the following transaction in 2022: 1/1: Outstanding shares: 200,000 common ($2 par) 3/1: Fox issues 35,000 cum. 8% preferred ($50 par) convertible to 250,000 common 5/1: Fox declares a 2 for 1 common stock split 6/1: Fox issues 150,000 common shares at a $25 market price 7/1: Fox grants 100,000 common stock options, $15 exercise price & $20
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3/1: Fox issues 35,000 cum. 8% preferred ($50 par) convertible to 250,000 common

5/1: Fox declares a 2 for 1 common stock split

6/1: Fox issues 150,000 common shares at a $25 market price

7/1: Fox grants 100,000 common stock options, $15 exercise price & $20 average market price

9/1: Fox issues a $1,000,000, 8% bond at par, convertible to 150,000 common shares 12/31: Fox reports $500,000 NI (with 21% tax rate) & declares $150,000 dividends (paid in 2022)

Required

What is EPS?

What effect would the conversion of the convertible bonds have on the numerator of the EPS ratio?

What is DEPS?

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