Question
A company has: Net income of $ 750,000 An average of 690,000 shares of common stock outstanding $50,000 of 6% convertible bonds outstanding that are
A company has:
Net income of $ 750,000
An average of 690,000 shares of common stock outstanding
$50,000 of 6% convertible bonds outstanding that are convertible into a total of
10,000 shares
No other potentially dilutive securities
An effective tax rate is 30%
What is the company's basic EPS?
What is the diluted EPS?
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Linear Algebra A Modern Introduction
Authors: David Poole
3rd edition
9781133169574 , 978-0538735452
