Question 13, Question 14, Question 15

Question 13

Question 14

Question 15

Cullumber Corporation earned net income of $277,550 in 2020 and had 97,000 shares of common stock outstanding throughout the year. Also outstanding all year was $750,000 of 5% bonds, which are convertible into 19,000 shares of common. Cullumber's tax rate is 30 percent Compute Cullumber's 2020 diluted earnings per share. (Round answer to 2 decimal places, e.g. 3.55.) Diluted earnings per share $ Crane Corporation reported net income of $324,540 in 2020 and had 49,100 shares of common stock outstanding throughout the year. Also outstanding all year were 5,500 shares of cumulative preferred stock, each convertible into 2 shares of common. The preferred stock pays an annual dividend of $5 per share. Crane's tax rate is 30%. Compute Crane's 2020 diluted earnings per share. (Round answer to 2 decimal places, e.g. 3.55.) Diluted earnings per share $ $ Skysong Corporation reported net income of $260,000 in 2020 and had 191,000 shares of common stock outstanding throughout the year. Also outstanding all year were 51,000 options to purchase common stock at $10 per share. The average market price of the stock during the year was $15. Compute diluted earnings per share. (Round answer to 2 decimal places, e.g. 3.55.) Diluted earnings per share $