On January 2, 2015, Worth Co. issued at par $1,000,000 of 7% convertible bonds. Each $1,000 bond

Question:

On January 2, 2015, Worth Co. issued at par $1,000,000 of 7% convertible bonds. Each $1,000 bond is convertible into 40 shares of common stock. No bonds were converted during 2015. Worth had 200,000 shares of outstanding durng 2015. Worth's 2015 net income was $450,000 and the income tax rate was 30%. Worth's earnings per share for 2015 would be.
Common Stock
Common stock is an equity component that represents the worth of stock owned by the shareholders of the company. The common stock represents the par value of the shares outstanding at a balance sheet date. Public companies can trade their stocks on...