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5 At December 31, 2021, the financial statements of Hollingsworth Industries included the following: 15 points $ 640 million $ 250 million Net income for
5 At December 31, 2021, the financial statements of Hollingsworth Industries included the following: 15 points $ 640 million $ 250 million Net income for 2021 Bonds payable, 8%, convertible into 52 million shares of common stock Common stock: Shares outstanding on January 1 Treasury shares purchased for cash on September 1 350 million 42 million Additional data: The bonds payable were issued at par in 2019. The tax rate for 2021 was 25%. Required: Compute basic and diluted EPS for the year ended December 31, 2021. (Do not round intermediate calculations. Round "Earnings per share" answers to 2 decimal places. Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) Answer is complete but not entirely correct. Numerator 1 Denominator $ 6401 $ Basic Diluted 336- 362 Earnings per share 1.90 1.80 $ 651 X $
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