The following information was taken from the books and records of Blossom, Inc.:
Net Income: $
Capital structure:
a Convertible bonds. Each of the $ bonds is convertible into shares of common stock at
the present date and for the next years.
b $ par common stock, shares issued and outstanding during the entire year.
c Stock warrants outstanding to buy shares of common stock at $ per share.
Other information:
a Bonds converted during the year
b Income tax rate
c Convertible debt was outstanding the entire year
d Average market price per share of common stock during the year
e Warrants were outstanding the entire year
f Warrants exercised during the yearCompute diluted earnings per share. Round answers to decimal places, eg
