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Y Company had 200,000 shares of $10 par value common stock outstanding during fiscal 2018, along with 5,000, 10-year, 4% bonds that had been issued
Y Company had 200,000 shares of $10 par value common stock outstanding during fiscal 2018, along with 5,000, 10-year, 4% bonds that had been issued at their $1,000 par, with each bond convertible into twenty shares of common stock. Ys fiscal 2018 net income was $460,000 and reflects an income tax rate of 30%.
RequiredPrepare in good form the fiscal 2018 EPS presentation for Y Company.
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