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1 Question with 3 parts. Please help with all parts! Thanks Question 10 of 15 0/1 III Current Attempt in Progress Your answer is incorrect.
1 Question with 3 parts. Please help with all parts! Thanks
Question 10 of 15 0/1 III Current Attempt in Progress Your answer is incorrect. In 2019, Waterway Enterprises issued, at par, 60 $1,000, 7% bonds, each convertible into 100 shares of common stock. Waterway had revenues of $17,300 and expenses other than interest and taxes of S7,800 for 2020. Assume that the tax rate is 20%.) Throughout 2020, 2,200 shares of common stock were outstanding: none of the bonds was converted or redeemed. (a) Compute diluted earnings per share for 2020. (Round answer to 2 decimal places, es $2.55.) Earnings per share $ (b) Assume the same facts as those assumed for part (a), except that the 60 bonds were issued on September 1, 2020 (rather than in 2019), and none have been converted or redeemed. Compute diluted earnings per share for 2020. (Round answer to 2 decimal places, eg. $2.550 Earnings per share $ (c) Assume the same facts as assumed for part (a), except that 20 of the 60 bonds were actually converted on July 1, 2020. Compute diluted earnings per share for 2020. (Round answer to 2 decimal places, eg. $2.55.) Earnings per share $ Step by Step Solution
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