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Compute the proper earnings per share

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Question - Carla Vista Corporation has 430,000 shares of common stock outstanding throughout 2021. In addition, the corporation has 5,000, 20-year, 10% bonds issued at par in 2019. Each $1,000 bond is convertible into 20 shares of common stock after 9/23/22. During the year 2021, the corporation earned $799,800 after deducting all expenses. The tax rate was 30%. Compute the proper earnings per share for 2021.

Reference no: EM132604668

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