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At December 31, 2021, the financial statements of Hollingsworth Industries included the following: $ 690 million $ 500 million Net income for 2021 Bonds payable,
At December 31, 2021, the financial statements of Hollingsworth Industries included the following: $ 690 million $ 500 million Net income for 2021 Bonds payable, 8%, convertible into 57 million shares of common stock Common stock: Shares outstanding on January 1 Treasury shares purchased for cash on September 1 600 million 36 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).) Numerator 1 Denominator Earnings per share $ 1.17 Basic $ 690 / 588 = Diluted 1 =
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