Computing consolidated earnings per share (EPS) Assume the following facts about a parent and its 75% owned subsidiary company: Net income $220,000 Common shares outstanding 50,000 Convertible preferred stock Parent $50,000 Subsidiary 30,000 (22,500 = 75% owned by parent) Dividends = $21,300 Convertible into 9,000 shares of common stock Interest expense after tax = $5,860Convertible into 8,000 shares of common stock Convertible bonds a. Compute basic earnings per share $ 0 b. Compute diluted earnings per share $ 0 Check * Previous Save Answers