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What was Newcastles Basic EPS

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Question - For the year ended December 31, 2018, Newcastle Co. earned net income of $1,400,000 and had comprehensive income of $1,500,000. During the year, Newcastle had 65,000 shares of common stock outstanding and convertible bonds that could be converted into 20,000 shares of common stock. Newcastle did not have dividends of any kind during 2018. What was Newcastle's Basic EPS?

A. $16.67

B. $18.18

C. $23.08

D. $21.54

E. $18.33

Reference no: EM132487005

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