On January 1.2020, Sarasota Company issued 10-year. S1810.o00 face value, 6 bonds, at par. Each $100 bond is convertible into 15shares of Sarasota common stock Sarasotasnet income in 2020 was S403.200, and its tax rate was 20% The company had 96,000 shares of common stock outstanding throughout 2020. None of the bonds were converted in 2020. (al Compute diluted eamings per share for 2020. Round anower to 2 decimal ploces, es $255) Diluted earnings per share 5

On January 1.2020, Sarasota Company issued 10-year. S1810.o00 face value, 6 bonds, at par. Each $100 bond is convertible into 15shares of Sarasota common stock Sarasotasnet income in 2020 was S403.200, and its tax rate was 20% The company had 96,000 shares of common stock outstanding throughout 2020. None of the bonds were converted in 2020. (al Compute diluted eamings per share for 2020. Round anower to 2 decimal ploces, es $255) Diluted earnings per share 5

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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