Solution-Rockland corporation earned net income

Rockland corporation earned net income

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1. Rockland Corporation earned net income of $300,000 in 2010 and had 100,000 shares of common stock outstanding throughout the year. Also outstanding all year was $800,000 of 10% bonds, which are convertible into 16,000 shares of common. Rockland's tax rate is 40 percent. Compute Rockland's 2010 diluted earnings per share.

Reference no: EM131107893

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Rockland corporation earned net income

Reference no: EM131107893

Reference no: EM131107893

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