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Quirm Corp. has 10,0007.25% bonds convertible into 30 shares per $1000 bond. Quirm has 700,000 outstanding shares. Quirm has a tax rate of 35%. Compute

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Quirm Corp. has 10,0007.25% bonds convertible into 30 shares per $1000 bond. Quirm has 700,000 outstanding shares. Quirm has a tax rate of 35%. Compute (basic) earnings per share if after-tax earnings are $742,000. Multiple Choice $0.71 $0.99 $1.06 $151

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