The information below pertains to Miami Company for
Net income for the year
convertible bonds issued at par $ per bond; each bond is convertible into
shares of common stock issued in a prior year
convertible, cumulative preferred stock, $ par value; each share is convertible
into shares of common stock issued in a prior year
Tax rate for
Average market price of common stock
There were shares of shares of common stock outstanding on On June the company
issued common shares. There were no changes in the number of preferred shares, or convertible bonds
outstanding. There was no treasury stock. The company also has common stock options granted in a prior year to
purchase shares of common stock at $ per share.
Required:
Compute basic earnings per share for
Compute diluted earnings per share for
