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show all computations of how you got to the answer? Zeno Inc has 6,000,000 shares of common stock outstanding on December 31, 2018. No shares
show all computations of how you got to the answer?
Zeno Inc has 6,000,000 shares of common stock outstanding on December 31, 2018. No shares were issued in 2019. On January 1, 2019, Zeno issued 24,000,$1,000 face value, 8% convertible bonds. Each bond is convertible into 25 shares of common stock. No bonds were converted into common stock in 2019. Net income after taxes is $15,000,000 and the tax rate is 25%. Compute EPS and DEPS. Show all computations for the numerators and the denominators Step by Step Solution
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