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please solve E13-5,6 E13-5 During 2002, Janney Corp. had $2,000,000 of 5% convertible bonds outstanding. The bonds may be converted into a total of 40,000
please solve E13-5,6
E13-5 During 2002, Janney Corp. had $2,000,000 of 5% convertible bonds outstanding. The bonds may be converted into a total of 40,000 shares of common stock. The common merator and denominator effect of the convertible bonds when computing diluted earn- stock is currently selling for $30 per share. The company's tax rate is 40%. What is the nu- b. Determine the impact of ings per share! E136 During 2002, Bunneymen Echo Chambers Inc. had 2,000 common stock options out- share. The common stock sold at an average price of $25 per share during 2002. What will standing. Each option may be used to purchase one share of common stock at $15 per be the effect of the stock options on the company's basic and diluted earnings per share during 2002 Step by Step Solution
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