Current Attempt in Progress The following information was taken from the books and records of Crane, Inc.: 1. $345,800 2. a. 280,000 1.900,000 3. Net Income Capital structure: Convertible 6% bonds. Each of the 280, $1,000 bonds is convertible into 50 shares of common stock at the present date and for the next 10 years. $10 par common stock, 190,000 shares issued and outstanding during the entire year. Stock warrants outstanding to buy 16,960 shares of common stock at $20 per share Other information: Bonds converted during the year Income tax rate Convertible debt was outstanding the entire year Average market price per share of common stock during the year Warrants were outstanding the entire year Warrants exercised during the year None 305 b. $32 None 2 E Type here to search Current Attempt in Progress The following information was taken from the books and records of Crane, Inc.: 1. $345,800 2. a. 280,000 1.900,000 3. Net Income Capital structure: Convertible 6% bonds. Each of the 280, $1,000 bonds is convertible into 50 shares of common stock at the present date and for the next 10 years. $10 par common stock, 190,000 shares issued and outstanding during the entire year. Stock warrants outstanding to buy 16,960 shares of common stock at $20 per share Other information: Bonds converted during the year Income tax rate Convertible debt was outstanding the entire year Average market price per share of common stock during the year Warrants were outstanding the entire year Warrants exercised during the year None 305 b. $32 None 2 E Type here to search