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In 2022, Vaughn Enterprises issued at par, 75 61,000,8% bonds, each convertible into 100 ordinary shares. The liability component of convertible bonds was 1950 per

In 2022, Vaughn Enterprises issued at par, 75 61,000,8% bonds, each convertible into 100 ordinary shares. The liability component of convertible bonds was 1950 per bond, based on a market rate of Interest of 10% Vaughn had revenues of $17,100 and expenses other than interest and taxes of $10,000 for 2023. (Assume that the tax rate is 40%) Throughout 2023, 1.600 ordinary shares were outstanding; none of the bonds was converted or redeemed. (a) Compute diluted earnings per share for 2023. (Round answer to 2 decimal places, e.g. 2.55) Earnings per share (b) Assume the same facts as those assumed for part (a), except that the 75 bonds were issued on September 1,2023 (rather than in 2022), and none have been converted or redeemed. Compute diluted earnings per share for 2023 (Round answer to 2 decimal places 2.55) Earnings per share (c) Assume the same facts as assumed for part (a), except that 25 of the 75 bonds were actually converted on July 1, 2023 Compute diluted earnings per share for 2023. (Round answer to 2 decimal places, eg. 2.55) Earnings per share eTextbook and Media

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