At the beginning of Ayayai Industries had shares of common stock issued and outstanding and of $ bonds
issued at par each convertible into shares of common stock. During Ayayai had revenues of $ and expenses other
than interest and taxes of $ Assume that the tax rate is None of the bonds was converted or redeemed.
a Compute diluted earnings per share for Round answer to decimal places, eg
Earnings per share $
b Assume the same facts as those assumed for part a except that the bonds were issued on September rather than in a
prior year and none have been converted or redeemed. Compute diluted earnings per share for Round answer to decimal
places, eg
Earnings per share
$
c Assume the same facts as assumed for part a except that of the bonds were actually converted on July Compute
diluted earnings per share for Round answer to decimal places, eg
Earnings per share
$
