In $2022,$ Ivanhoe Ltd$.$ issued $$60,000$ of $8\%$ bonds at pas, with each $$1\mathrm{.}000$ bond being convertible into $100$ common shares. The company had revenues of $$70,200$ andexpenses of $$39,500$ for $2023.$ not including interest and tax. $($Assume a tax rate of $308\%)$ Throughout $2023,1,000$ common shares were outstandinge and none of the bonds were comverted or redeemed. $($F$)$ fr simplicif:: assume that the comvertible bonds' equity element is not recorded$)$

Your answer is correct.

Calculate income available to common shareholders.

Income available to common shareholders

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Calculate diluted earnings per share for the year ended December $31,2023.$ For simplicity, ignore the requirement to record the bonds' debt and equity components separately. The bonds are assumed to be comerted for the entire year. $($Round answer to $2$ decimal pleces, es$.15\mathrm{.}25.)$

Diluted earnings per share

$ $$

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Assume that the $60$ bonds were issued on October $1\mathrm{.}2023$ frather than in $20221$ and that none have been coeverted or redeemed. Calculate diluted earnings per share for the vear ended December $31.2023($Round answer to $2$ decimal plares, e$.$s$.15\mathrm{.}25.)$

Diluted earnings per share

$ $$

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Assume that $15$ of the $60$ bonds were converted on July $1,2023.$ Calculate diluted earnings per share for the year ended December $31\mathrm{.}2023.($Round answer to $2$ decimal places, e$.$s$.15\mathrm{.}25.)$

Diluted earnings per share

$ $$

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Attempts: $1$ of $3$ used

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