Assume that the following data relate to Rosen, Inc. for the year


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Feb 14, 2016. Assume that the following data relate to Rosen, Inc. for the year 2015: Net income (40% tax rate)                                                                                             $3,500,000 Average common shares outstanding 2015                                                               1,000,000    shares 8% cumulative convertible preferred stock: Convertible into 80,000 shares of common                                                        $2,000,000 5% convertible bonds; convertible into 75,000 shares of common                                                                                                $4,000,000 Stock options: Exercisable at the option price of $30 per share; average market price in 2015, $35                                                                             84,000    shares Instructions Compute (a) basic earnings per share, and (b) diluted earnings per share. ChancellorBraveryDeer8152
posted a question · Feb 14, 2016 at 9:55am

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