Business, 12.03.2020 21:32 giigigihyys2111

At December 31, 2021, the financial statements of Hollingsworth Industries included the following: Net income for 2021 $ 560 million Bonds payable, 8%, convertible into 36 million shares of common stock $ 300 million Common stock: Shares outstanding on January 1 400 million Treasury shares purchased for cash on September 1 30 million Additional data: The bonds payable were issued at par in 2019. The tax rate for 2021 was 25%. Required: Compute basic and diluted EPS for the year ended December 31, 2021. (Do not round intermediate calculations. Round "Earnings per share" answers to 2 decimal places. Enter your answers in millions (i. e., 10,000,000 should be entered as 10).)

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At December 31, 2021, the financial statements of Hollingsworth Industries included the following: N...

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