In January 2, 2021, Benny Inc. issued $10,000 of 5% bonds; the bonds are convertible into 1,000 shares of Benny stock. T
Posted: Wed May 04, 2022 6:52 am
In January 2, 2021, Benny Inc. issued $10,000 of 5% bonds; the
bonds are convertible into 1,000 shares of Benny stock. Throughout
2021, Benny Inc. had 3,000 shares of common stock outstanding.
Benny's net income for 2021 was $6,000, and Benny's tax rate is
30%. No other potential shares exist. What is Benny's diluted
earnings per share for 2021, rounded?
Group of answer choices
a. $1.63
b. $2.17
c. $1.14
d. $1.59
bonds are convertible into 1,000 shares of Benny stock. Throughout
2021, Benny Inc. had 3,000 shares of common stock outstanding.
Benny's net income for 2021 was $6,000, and Benny's tax rate is
30%. No other potential shares exist. What is Benny's diluted
earnings per share for 2021, rounded?
Group of answer choices
a. $1.63
b. $2.17
c. $1.14
d. $1.59