Racheal7129 Racheal7129

05-10-2022
Business

Answered

manchester corporation had 100,000 shares of common stock outstanding and 5% bonds with a face value of $1,000,000 outstanding throughout the current year. the bonds are convertible into 150,000 common shares. net income for the current year was $212,500 with a 25% tax rate. what is the amount of the diluted eps for the current year? (round your answer to 2 decimal places.)

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