On January 1, 2013, Ramos Co. had $10,000 of 6% convertible bonds, convertible into 1,000...
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Accounting
On January 1, 2013, Ramos Co. had $10,000 of 6% convertible bonds, convertible into 1,000 shares of Ramos's common stock. No bonds were converted during 2013. Throughout 2013, Ramos had 1,000 shares of common stock outstanding. Ramos's 2013 net income was $3,000, and its income tax rate is 30%. Ramos's diluted earnings per share for 2013 would be A. $1.50 B.$1.71 C.$180 D.$3.42
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