Business, 15.04.2020 02:48 andrewbigbrains8740

During the current year, He Corporation had 3 million shares of common stock outstanding. $5,000,000 of 6% convertible bonds were issued at face amount at the beginning of the year. He Corporation reported income before tax of $4 million and net income of $3 million for the year. The bonds are convertible into 625,000 shares of common. What is diluted EPS (rounded)?

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During the current year, He Corporation had 3 million shares of common stock outstanding. $5,000,000...