Crystal Corporation earned net income of $ 9 0 0 , 0 0 0 in 2 0
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Question:
Crystal Corporation earned net income of $ in It has a
complex capital structure as follows: shares outstanding of $ preferred stock, and shares issued of $ common stock. There is also common stock in the treasury. The preferred stock can be converted into shares of common.In addition Crystal has Bonds Payable of $ that pay interest of and can be converted into shares of common stock.
The applicable federal income tax rate is
Compute basic earnings per share for
Compute diluted earnings per share for
Part B
Now assume the preferred stock is not convertible into any common shares.
Compute basic earnings per share for
Compute diluted earnings per share for
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