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Compute Rockland diluted earnings per share

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Reference no: EM132451543

Problem - 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.

Required - Compute Rockland's 2014 diluted earnings per share.

Reference no: EM132451543

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