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Rockland Corporation earned net income of $300,000?in 2014 and had?100,000?shares of common stock outstanding throughout the year. Also outstanding all year was $800,000?of 10% bonds, which are convertible into?16,000?shares of common. Rockland?s tax rate is?40?percent.
Compute Rockland?s 2014 diluted earnings per share.?(Round answer to 2 decimal places, e.g. $3.55.)
|Diluted earnings per share|| |
Paper#9209141 | Written in 27-Jul-2016Price : $22