In Oriole Ltd issued $ of bonds at par, with each $ bond being convertible into common shares. The company had revenues of $ and expenses of $ for not including interest and tax. Assume a tax rate of Throughout common shares were outstanding, and none of the bonds were converted or redeemed. For simplicity, assume that the convertible bonds' equity element is not recorded.
a
Your answer is correct.
Calculate income available to common shareholders.
Income available to common shareholders $
Attempts: of used
b
Your answer is incorrect.
Calculate diluted earnings per share for the year ended December For simplicity, ignore the requirement to record the bonds' debt and equity components separately. The bonds are assumed to be converted for the entire year. Round answer to decimal places, eg
Diluted earnings per share
$
