Sheridan Corporation had net income for the year of $722000 and weighted average common shares outstanding during the period of 260000 shares. The company also has a convertible bond issue outstanding. The bonds were issued four years ago at par of $2980000 carry a 6% interest rate, and are convertible into 49700 shares of common stock. The company has a 15% tax rate. Diluted earnings per share is $2.70 $1.84. $2.91. $2.82. Attempts: 0 of 1 used