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Current Attempt in Progress Oriole Corporation earned net income of $225,000 in 2020 and had 90,000 common shares outstanding throughout the year. Also outstanding all
Current Attempt in Progress Oriole Corporation earned net income of $225,000 in 2020 and had 90,000 common shares outstanding throughout the year. Also outstanding all year was $740,000 of 10% bonds that are convertible into 9.000 common shares. Oriole's tax rate is 30%. Calculate Oriole's 2020 diluted earnings per share. For simplicity, ignore the IFRS requirement to record the debt and equity components of the bonds separately. (Round answer to 2 decimal places, eg. 15.25.) $ Earnings per share e Textbook and Media Save for Later Attempts: unlimited Submit
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