On January Shannon Star Inc. had common shares outstanding. The company issued an
additional shares on March Shannon Star also issued $ par value,
nonconvertible, noncumulative preferred stock on October and declared dividends for the current
quarter. On April the firm issued $ convertible bonds outstanding ie $
coupon interest per year that are convertible into shares of common stock. The firm issued all
bonds at par and did not convert any during the current year. The company is subject to a tax rate
and net income is $
Requirement
Based on this information, compute basic and diluted earnings per share for the current year.
Calculate the basic earnings per share EPS for the current year. Rounds the EPS to the nearest cent, XXX
Calculate the diluted EPS for the current year. Rounds the EPS to the nearest cent, XXX
Please answer the two questions above.
