In Vaughn Enterprises issued, at par, $ bonds, each convertible into shares of common stock Vaughn had
revenues of $ and expenses other than interest and taxes of $ for Assume that the tax rate is Throughout
shares of common stock were outstanding; none of the bonds was converted or redeemed.
a Compute diluted earnings per share for Round answer to decimal places, eg $
Earnings per shar
$
b Assume the same facts as those assumed for part a of spt that the bonds were issued on Septemberrather than in
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 $
