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Jones, Inc. has net income (30% tax rate) of $1400,000 for 2015, and an average number of shares outstanding during the year of 500,000 shares.

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Jones, Inc. has net income (30% tax rate) of $1400,000 for 2015, and an average number of shares outstanding during the year of 500,000 shares. The corporation issued $2,000,000 par value of 10-year, 9% convertible bonds on January 1, 2013 at par. The convertible bonds are convertible into 70,000 shares of common stock. Instructions: Compute the earnings per share data, excluding any notes if required. (Show computations.)

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