Sheffield corporation earned net income of 2 7 7 , 6 7 0 in 2 0 2 5 and had 9 7 , 0 0 0 shares of common stock outstanding throughout the year Also outstanding all year was 7 5 0 , 0 0 0 a 5 bonds, which I convertible into 1 9 , 0 0 0 shares of common stock Sheffield s tax rate is 3 0 Compute Sheffield, 2 0 2 5 diluted earnings per share

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Sheffield corporation earned net income of 2 7 7 , 6 7 0 in 2 0 2 5 and had 9 7 , 0 0

Sheffield corporation earned net income of

277, 670

2025

and had

97, 000

shares of common stock outstanding throughout the year. Also outstanding all year was

750, 000

5 %

bonds, which I convertible into

19, 000

shares of common stock. Sheffield

s tax rate is

30 % .

Compute Sheffield,

2025

diluted earnings per share.

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