Mathematics, 29.03.2021 16:10 nickespinosa11
On January 2, 2021, Sheffield Corp. Issued at par $1990000 of 5% convertible bonds. Each $1000 bond is convertible into 10 shares of common stock. No bonds were converted during 2021. Sheffield had 204000 shares of common stock outstanding during 2021. Sheffield's 2021 net income was $891000 and the income tax rate was 25%. Sheffield's diluted earnings per share for 2021 would be (rounded to the nearest penny):
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On January 2, 2021, Sheffield Corp. Issued at par $1990000 of 5% convertible bonds. Each $1000 bond...
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