1. Net Loss Per Share for the Year Ended December 31, 2024: The net loss per share for Ainsworth Inc. for the year ended December 31, 2024, is
.
2. Per Share Amount of Income or Loss from Continuing Operations for the Year Ended December 31, 2024: The per share amount of loss from continuing operations for the year ended December 31, 2024, is $0.39.
3. EPS Presentation for Ainsworth's 2024 and 2023 Comparative Income Statements:
- For the year 2024:
- Net Loss per Share: -$0.25
- Loss from Continuing Operations per Share: $0.39
- For the year 2023:
- Net Income per Share: $0.70
1. Compute Ainsworth's Net Loss Per Share for the Year Ended December 31, 2024
Weighted-average Number of Common Shares Outstanding Calculation:
- Initial common shares: 850 million
- Treasury shares purchased: 50 million on April 30, 2024, affecting 8 months of the year.
- Treasury shares sold: 20 million on August 31, 2024, affecting 4 months of the year.
- Common stock dividend: 4% increase in shares.
Calculation steps:
1Adjustment for Treasury Shares Purchased:
![\[850 - (50 * (8)/(12)) = 850 - 33.33 = 816.67 \text{ million}\]](https://img.qammunity.org/2024/formulas/business/college/dgg5egt4kdwykayzl6g8mtuo169tq4yrh3.png)
Adjustment for Treasury Shares Sold:
![\[816.67 + (20 * (4)/(12)) = 816.67 + 6.67 = 823.34 \text{ million}\]](https://img.qammunity.org/2024/formulas/business/college/lo9416ervz5g3cu8lptcfee2fkjsvp31e6.png)
Adjustment for Stock Dividend:
![\[823.34 * (1 + (4)/(100)) = 823.34 * 1.04 = 856.27 \text{ million}\]](https://img.qammunity.org/2024/formulas/business/college/baqh07xgkl0gw2en13oqi06ek5w5gm5zb1.png)
Net Loss Per Share:
Net loss =
million
![\[(-210)/(856.27) = -\$0.245 \text{ (rounded to 3 decimal places)}\]](https://img.qammunity.org/2024/formulas/business/college/4i54ua4twznsj30cgza43dfcomg5565prh.png)
2. Compute the Per Share Amount of Income or Loss from Continuing Operations:
- Net Loss:
million - Loss from Discontinued Operations:
million - Income from Continuing Operations: Net Loss - Loss from Discontinued Operations =
million
Calculation steps:
Loss per Share from Continuing Operations:
![\[(330)/(856.27) = \$0.385 \text{ (rounded to 3 decimal places)}\]](https://img.qammunity.org/2024/formulas/business/college/xudqjrvdnin3ppr2yu2vky45apyle9inou.png)
3. Prepare an EPS Presentation for 2024 and 2023 Comparative Income Statements
For 2023:
- Net Income: $595 million
- Weighted-average Number of Common Shares Outstanding: 850 million
- EPS:
![\[(595)/(850) = \$0.70\]](https://img.qammunity.org/2024/formulas/business/college/fmoi7ij91buadzpo42v87ic2yu7x644972.png)
For 2024:
- Net Loss Per Share (from step 1):
(rounded to 2 decimal places)
- Loss from Continuing Operations Per Share (from step 2):
(rounded to 2 decimal places)
Therefore, the EPS presentation would be:
- 2024:
- Net Loss Per Share:

- Loss from Continuing Operations Per Share:

- 2023:
- Net Income Per Share:
