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Last year, Wahlen Corporation reported basic and diluted EPS in an amount less than basic EPS due to outstanding stock options. Those options were exercised
Last year, Wahlen Corporation reported basic and diluted EPS in an amount less than basic EPS due to outstanding stock options. Those
options were exercised on January of the current year.
During the current year, Wahlen Corporation had million shares of common stock outstanding. Two thousand eight hundred
convertible bonds, each with $ face value, were issued at face amount at the beginning of the year. Wahlen reported net income of
$ million for the year. Each bond is convertible into shares of common stock. The tax rate is What is diluted EPS rounded
Note: Round your answer to decimal places.
Multiple Choice
$
$
$
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