Computing diluted earnings per share


Rockland Corporation earned net income of $340,800 in 2012 and had 100,000 shares of common stock outstanding throughout the year. Also outstanding all year was $908,800 of 10% bonds, which are convertible into 18,176 shares of common. Rockland's tax rate is 40 percent. Compute Rockland's 2012 diluted earnings per share.

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Finance Basics: Computing diluted earnings per share
Reference No:- TGS015910

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