Solution-Compute mize diluted earnings per share

Compute mize diluted earnings per share

Reference no: EM132069590

Question - On January 2, 2015, Mize Co. issued at par $300,000 of 9% convertible bonds. Each $1,000 bond is convertible into 60 shares. No bonds were converted during 2015. Mize had 100,000 shares of common stock outstanding during 2015. Mize's 2015 net income was $240,000 and the income tax rate was 30%. Mize's diluted earnings per share for 2015 would be (rounded to the nearest penny)

$2.26.

$2.40.

$2.03.

$2.19.

Reference no: EM132069590

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Compute mize diluted earnings per share

Reference no: EM132069590

Reference no: EM132069590

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