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What would the DILUTED EPS be

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Question - As of Dec 31, 2020, Hernandez Co. had 1,000,000 common shares outstanding (no preferred shares issued). On Oct 1, 2021, an additional 200,000 common shares were issued. Further, Hernandez Co. had $10,000,000 6% convertible bonds outstanding at Dec 31, 2020, which are convertible into 450,000 common shares. No bonds were converted during 2021. Net income for calendar 2021 was $3,000,000. With a tax rate of 30%, what would the DILUTED EPS be for 2021?

Reference no: EM132913377

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