subject
Business, 23.04.2021 01:00 senituliii

Last year, East Corporation reported basic and diluted EPS in an amount less than basic EPS due to outstanding stock options. Those options were excercised on January 1 of the current year. During the current year, East Corporation had 2.5 million shares of common stock outstanding. Two thousand one hundred 12% convertible bonds, each with $1,000 face value, were issued at face amount at the beginning of the year. East reported net income of $2.1 million for the year. Each bond is convertible into 10 shares of common stock. The tax rate is 30%. What is diluted EPS (rounded)

ansver
Answers: 1

Another question on Business

question
Business, 21.06.2019 22:00
When slick heating company switched to an activity based costing system, it realized that it was allocating a much lower percentage of factory overhead to a product line that the marketing department was trying to push. the product line may contain which type of products?
Answers: 2
question
Business, 22.06.2019 05:30
Find a company that has followed a strong strategic direction- state that generic strategy and the back-up points to support your position.
Answers: 1
question
Business, 22.06.2019 10:00
Scenario: you have advised the owner of bond's gym that the best thing to do would be to raise the price of a monthly membership. the owner wants to know what may happen once this price increase goes into effect. what will most likely occur after the price of a monthly membership increases? check all that apply. current members will pay more per month. the quantity demanded for memberships will decrease. the number of available memberships will increase. the owner will make more money. bond's gym will receive more membership applications.
Answers: 1
question
Business, 22.06.2019 12:10
Gwen, a manager at exude apparels inc., received a message from a customer requesting a replacement for a purchased pair of shoes. exude apparels has a clearly stated no-return policy. gwen responded to the customer denying the request in a tactful and clear manner. despite this, the customer submitted a second request. in this scenario, which of the following is an appropriate response to the second request?
Answers: 2
You know the right answer?
Last year, East Corporation reported basic and diluted EPS in an amount less than basic EPS due to o...
Questions
Questions on the website: 13722363