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Use the following information to answer questions 4 and 5 Roberts Corporation has net income of $210,000 for the year and above is it's record
Use the following information to answer questions 4 and 5 Roberts Corporation has net income of $210,000 for the year and above is it's record of common shares outstanding. The company has one convertible debenture bond issues outstanding. It is a 5 percent issue sold at 100 (total $1,000,000 ) in a prior year and convertible into 20,000 common shares. Interest expense on the 5 percent convertibles is $50,000. The tax rate is 40 percent. What is Roberts Corporation's Basic EPS (rounded to the nearest cent)? What is Roberts Corporation's Diluted EPS (rounded to the nearest cent)
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