Question: Help Save & 39 Online Network Inc. has a net income of $610,000 in the current fiscal year. There are 100,000 shares of common stock
Help Save & 39 Online Network Inc. has a net income of $610,000 in the current fiscal year. There are 100,000 shares of common stock outstanding, along with convertible bonds, which have a total face value of $1.2 million. The $12 million is represented by 1200 different $1000 bonds. Each $1,000 bond pays 5 percent interest. The conversion ratio is 30. The firm is in a 30 percent tax bracket. pints a. Compute basic earnings per share. (Do not round intermediate calculations and round your answer to 2 decimal places.) Skipped Basic earnings per share b. Compute diluted earnings per share. (Do not round intermediate calculations and round your answer to 2 decimal places.) Diluted earnings per share
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