On January 1, 2020, Windsor Company issued 10-year, $ 2,010,000 face value,  6% bonds, at par. Each $1,000 bond is convertible into  15 shares of Windsor common stock. Windsor’s net income in 2020 was $ 484,500, and its tax rate was  20%. The company had  95,000 shares of common stock outstanding throughout 2020. None of the bonds were converted in 2020. (a) Compute diluted earnings per share for 2020. (Round answer to 2 decimal places, e.g. $2.55.) Diluted earnings per share   $ enter diluted earnings per share rounded to 2 decimal places (b) Compute diluted earnings per share for 2020, assuming the same facts as above, except that $ 950,000 of  6% convertible preferred stock was issued instead of the bonds. Each $100 preferred share is convertible into  5 shares of Windsor common stock. (Round answer to 2 decimal places, e.g. $2.55.) Diluted earnings per share   $ enter diluted earnings per share rounded to 2 decimal places

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Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.