On January 1,2025, Bramble Company issued 10-year, $1,980,000 face value, 6% bonds, at par, Each...
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On January 1,2025, Bramble Company issued 10-year, $1,980,000 face value, 6% bonds, at par, Each $1,000 bond is convertible into 15 shares of Bramble common stock. Bramble's net income in 2025 was $479,400, and its tax rate was 20%. The company had 102,000 shares of common stock outstanding throughout 2025. None of the bonds were converted in 2025. 3. Compute diluted earnings per share for 2025. (Round answer to 2 decimal ploces es.2.55.). Diluted arnings per share b. Compute diluted earnings per share for 2025 , assuming the same facts as above, except that 51,020,000 of 6% convertible preferred stock was issued instead of the bonds, Each $100 preferred share is convertible into 5 shares of Bramble common stock. (Round answer to 2 decimal places, es. 2.55.) Diluted carnings per share $
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