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Given the following data, compute diluted earnings...

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Given the following data, compute diluted earnings per share. (Diluted Earnings per share = Adjusted Earnings After Taxes / Shares Outstanding + All convertible securities) Common Stock (500,000 shares at $5 par) $2,500,000 8% convertible debentures (5,000 bonds at $1,000 each) 5,000,000 Retained Earnings 5,000,000 Earnings before interest and taxes 2,800,000 Interest 400,000 Earnings before taxes 2,400,000 Earnings after taxes (50%) $1,200,000

 

Paper#3513 | Written in 18-Jul-2015

Price : $25
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