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Compute for the diluted earnings per share

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Reference no: EM132958826

Question - An entity had the following securities outstanding as of December 31, 2021: 10% convertible bonds payable, each P1,000 bond convertible into ten ordinary shares = 4,000,000

Ordinary share capital P100 par, 250,000 shares authorized, 100,000 shares issued = 10,000,000

Net income = 5,000,000

Income tax rate = 30%

Requirements -

1. Compute for the Basic earnings per share.

2. Compute for the Diluted earnings per share.

Reference no: EM132958826

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