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please type the answer no written or excel Please use the following information to answer problems:34 38. Common stock outstanding = 1,000,000 shares employee stock
please type the answer no written or excel
Please use the following information to answer problems:34 38. Common stock outstanding = 1,000,000 shares employee stock options = option to purchase 100,000 shares at $20; average market price = $40 Preferred stock = 500,000 shares Convertible bonds = $5,000,000, 7% convertible to 200,000 shares Net income = $3,000,000 Preferred dividends = $20,000 Tax rate = 40% Assuming convertible bonds outstanding only what is the diluted earnings per shareStep by Step Solution
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