Diluted earnings per share

Reference no: EM13129203

Shipley Corporation had net income for the year of $480,000 and a weighted average number of common shares outstanding during the period of 200,000 shares. The company has a convertible bond issue outstanding. The bonds were issued four years ago at par ($2,000,000), carry a 7% interest rate, and are convertible into 40,000 shares of common stock. The company has a 40% tax rate. Diluted earnings per share are ??

Reference no: EM13129203

Questions Cloud

Draw the crystal-field energy level diagram : Draw the crystal-field energy level diagram for the 3d obitals and show the placement of d electrons assuming this is a weak-field complex ion.

Explain the difference between an amino acid and a protein : What is the difference between an amino acid and a protein? How does this difference in structure affect biological function?

What ending work in process inventory on april : During April, manufacturing costs charged to the department were: Materials $92,000; Conversion costs $102,000. The cost assigned to the units in the ending work in process inventory on April 30 was?

Illustrate the professional and ethical responsibilities : The Audit Committee of the board of Directors is unfamiliar with the professional and ethical standards that govern the conduct of an audit and the issuance of an audit opinion.

Diluted earnings per share : The bonds were issued four years ago at par ($2,000,000), carry a 7% interest rate, and are convertible into 40,000 shares of common stock. The company has a 40% tax rate. Diluted earnings per share are ??

Cauchy integral formula or residue theorem : Use the branch of the logarithm given by 0

Find if x have a binomial distribution : Completion of today's paper. If X denotes the number of papers belonging to seniors among those checked, will X have a binomial distributuin?

Difference between nasal and oral consonants : What is the difference between nasal and oral consonants

Determine physical properties of compounds : Based on the functional group(s) present in the two compounds, determine 3 physical properties for each of the two compounds. Using these physical properties determine how each of the two compounds uniquely function in the products in which they ar..

User Account

All Pages