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Pharoah Corporation had net income for the year of $716000 and weighted average common shares...

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Accounting

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Pharoah Corporation had net income for the year of $716000 and weighted average common shares outstanding during the period of 245000 shares. The company also has a convertible bond issue outstanding. The bonds were issued four years ago at par of $2910000. carry a 8% interest rate, and are convertible into 49900 shares of common stock. The company has a 15% tax rate. Diluted earnings pershare is $1.76 53.10. $2.94 $3.22

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