BELG-12 Rockland Corporation earned net income of R$300,000 in 2015 and had 100,000 orandy sa outstanding throughout the year. Also outstanding all year was R$800,000 of 10% bonds, which are con-
vertible into 16,000 ordinary shares. The interest expense on the liability component of the convertible
bonds was R$64,000. Rockland's tax rate is 40%. Compute Rockland's 2015 diluted earnings per share
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Fortress international, a large conglomerate, procures a few component parts from external suppliers and also manufactures some of the key raw materials in its own subsidiaries. aside from this, the company does not solely depend on outside distributors to reach its customers. in fact, it has its own retail stores to distribute its products. in this scenario, which of the following alternatives to vertical integration is fortress international applying? a. concentric integration b. taper integration c. horizontal integration d. conglomerate integration