Connect with a global community of knowledgeable individuals on IDNLearn.com. Get accurate and timely answers to your queries from our extensive network of experienced professionals.
At December 31, 2024, Sandhill Company had 1200000 shares of common stock outstanding. On October 1, 2025, an additional 410000 shares of common stock were issued. In addition, Sandhill had $14000000 of 7% convertible bonds outstanding at December 31,2024 that are convertible into 800000 shares of common stock. No bonds were converted into common stock in 2025. The net income for the year ended December 31, 2025, was $5243050. Assuming an income tax rate of 30%, what is diluted earnings per share for the year ended December 31,2025 ? a. $4.03 b. $2.96 c. $2.17 d. $2.82
Sagot :
We are happy to have you as part of our community. Keep asking, answering, and sharing your insights. Together, we can create a valuable knowledge resource. IDNLearn.com is committed to providing the best answers. Thank you for visiting, and see you next time for more solutions.
