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Compute rockland diluted earnings per share

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Point 1: Rockland Corporation earned net income of $443,400 in 2017 and had 110,000 shares of common stock outstanding throughout the year. Also outstanding all year was $700,000 of 9% bonds, which are convertible into 15,000 shares of common. Rocklands tax rate is 30 percent.

Question 1: Compute Rocklands 2017 diluted earnings per share

Reference no: EM132495379

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