Riverbed Corporation earned net income of $316,800 in 2020 and had 91,000 shares of common stock...
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Riverbed Corporation earned net income of $316,800 in 2020 and had 91,000 shares of common stock outstanding throughout the year. Also outstanding all year was $800,000 of 5% bonds, which are convertible into 17,000 shares of common. Riverbed's tax rate is 30 percent. Compute Riverbed's 2020 diluted earnings per share. (Round answer to 2 decimal places, e.g. 3.55.) Diluted earnings per share $ Riverbed Corporation earned net income of $316,800 in 2020 and had 91,000 shares of common stock outstanding throughout the year. Also outstanding all year was $800,000 of 5% bonds, which are convertible into 17,000 shares of common. Riverbed's tax rate is 30 percent. Compute Riverbed's 2020 diluted earnings per share. (Round answer to 2 decimal places, e.g. 3.55.) Diluted earnings per share $
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Related Book For
Financial Reporting Financial Statement Analysis and Valuation a strategic perspective
ISBN: 978-1337614689
9th edition
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
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