Question 13 of 14 < View Policies Show Attempt History Current Attempt in Progress -Your answer is partially correct. 1/3 E In 2019, Bonita Enterprises issued, at par, 60 $1,000, 8% bonds, each convertible into 100 shares of common stock. Bonita had revenues of $18,200 and expenses other than interest and taxes of $7,900 for 2020. (Assume that the tax rate is 20%.) Throughout 2020. 1,600 shares of common stock were outstanding; none of the bonds was converted or redeemed. (a) Compute diluted earnings per share for 2020. (Round answer to 2 decimal places, e.g. $2.55.) Earnings per share $ 1.08 (b) Assume the same facts as those assumed for part (a), except that the 60 bonds were issued on September 1, 2020 (rather than in 2019), and none have been converted or redeemed. Compute diluted earnings per share for 2020. (Round answer to 2 decimal places. e.g. $2.55.) Earnings per share $ 2.46 (c) Assume the same facts as assumed for part (a), except that 20 of the 60 bonds were actually converted on July 1, 2020. Compute diluted earnings per share for 2020. (Round answer to 2 decimal places, eg. $2.55.) Earnings per share $ eTextbook and Media Solution Save for Later Using multiple attempts will impact your score. 20% score reduction after attempt 1 2.29 Attempts: 1 of 2 used Submit Answer