Basic earnings per share$

The Oriole Corporation issued 10-year, $5,800,000 par, 7% callable convertible subordinated debentures on
January 2, 2017. The bonds have a par value of $1,000, with interest payable annually. The current conversion ratio is 15:1, and in 2 years it will increase to 18:1. At the date of issue, the bonds were sold at 99. Bond discount is amortized on a straight-line basis. Oriole’s effective tax was 40%. Net income in 2017 was $11,250,000, and the company had 2,195,000 shares outstanding during the entire year.
(a) Compute both basic and diluted earnings per share. (Round answers to 2 decimal places, e.g. $2.55.)
Basic earnings per share$
Diluted earnings per share$

 
“WE’VE HAD A GOOD SUCCESS RATE ON THIS ASSIGNMENT.PLACE THIS ORDER OR A SIMILAR ORDER WITH SPLENDID WRITINGS AND GET AN AMAZING DISCOUNT”

What Students Are Saying About Us

.......... Customer ID: 12*** | Rating: ⭐⭐⭐⭐⭐
"Honestly, I was afraid to send my paper to you, but splendidwritings.com proved they are a trustworthy service. My essay was done in less than a day, and I received a brilliant piece. I didn’t even believe it was my essay at first 🙂 Great job, thank you!"

.......... Customer ID: 14***| Rating: ⭐⭐⭐⭐⭐
"The company has some nice prices and good content. I ordered a term paper here and got a very good one. I'll keep ordering from this website."

"Order a Custom Paper on Similar Assignment! No Plagiarism! Enjoy 20% Discount"