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diluted EPS!can any one help me Example 4-Diluted EPS: In 2017 Farrah Co. had a basic EPS of 105c based on earnings of $105,000 and
diluted EPS!can any one help me
Example 4-Diluted EPS: In 2017 Farrah Co. had a basic EPS of 105c based on earnings of $105,000 and 100,000 ordinary SI shares. It also had in issue $40,000 15% Convertible Loan Stock which is convertible in two years,time at the rate of 4 ordinary shares fo every $5 of stock. The rte of tax is 30%. In 2017 gross profit of $200,000 and expenses of $50,000 were recorded, including interest payable of $6,000. Calculate the diluted EPSStep by Step Solution
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