Wildhorse Corporation earned net income of $447,600 in 2020 and had 105,000 shares of common stock outstanding throughout the year. Also outstanding all year was $900,000 of 9% bonds, which are convertible into 18,000 shares of common. Wildhorse’s tax rate is 30 percent. Compute Rockland's 2020 diluted earnings per share.
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Wildhorse Corporation earned net income of $447,600 in 2020 and had 105,000 shares of common stock o...
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