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B Company had 200,000 shares of $10 par value common stock outstanding during fiscal 2016, along with 5,000, 10-year, 4% bonds that had been issued
B Company had 200,000 shares of $10 par value common stock outstanding during fiscal 2016, along with 5,000, 10-year, 4% bonds that had been issued at their $1,000 par, with each bond convertible into twenty shares of common stock. Ys fiscal 2018 net income was $500,000 and reflects an income tax rate of 30%. RequiredPrepare in good form the fiscal 2016 EPS presentation for B Company
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