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Oakridge Corporation has provided the information that follows related to its calculation of earnings per share for 2023. Its common shares and bonds were
Oakridge Corporation has provided the information that follows related to its calculation of earnings per share for 2023. Its common shares and bonds were outstanding during the entire year. Net income Face value of convertible bonds $ 400,000 Common shares outstanding 100,000 900,000 Shares into which bonds can be converted 15,000 Face rate of the bonds 10% Tax rate 25% Required: Provide input into cells shaded in yellow in this template. Input the required mathematical formulas or functions with cell references to the Problem area or work area as indicated. Calculate Oakridge's 2023 basic and diluted earnings per share. For simplicity, ignore the IFRS requirement to record the debt and equity components of the bonds separately. Basic earnings per share $ 4.00 Potential increase in diluted EPS numerator $ 675,000 Potential increase in diluted EPS denominator $ 15,000 Test of antidilutive bonds Diluted earnings per share $ 9.35
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