)compute diluted earnings per share for 2020 2) assume the same facts as those assumed for part a except that the 60 bonds were issued on september 1,2020 compute diluted earnings per share
in 2019 indigo enterprises issued at par ,60 $1000 , 8%bonds , each convertible into 100 shares of common stock. indigo had revenues of $18500 and expenses other than interest and taxes of $9400 for 2020(assume that the tax rate is 20%) throughout 2020 , 2200 shares of common stock were outstanding; none of the bonds was converted or redeemed
1)compute diluted earnings per share for 2020
2) assume the same facts as those assumed for part a except that the 60 bonds were issued on september 1,2020 compute diluted earnings per share
3) assume the same facts for part a except that 20 of the 60 bonds were actually converted on july 1, 2020 compute diluted earnings per share for 2020
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