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Compute sarasota diluted earnings per share

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Reference no: EM132488889

Point 1: Sarasota Corporation earned net income of $400,500 in 2020 and had 108,000 shares of common stock outstanding throughout the year. Also outstanding all year was $900,000 of 9% bonds, which are convertible into 19,000 shares of common. Sarasota's tax rate is 30 percent.

Question 1: Compute Sarasota's 2020 diluted earnings per share.

Reference no: EM132488889

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