Financial Statements of Hollingsworth Industries Assignment

At December 31, 2018, the financial statements of Hollingsworth Industries included the following: $ 660 million $ 350 million Net income for 2018 Bonds payable, 10%, convertible into 54 million shares of common stock: Shares outstanding on January 1 Treasury shares purchased for cash on September 1 450 million 48 million Additional data: The bonds payable were issued at par in 2016. The tax rate for 2018 was 40% Required: Compute basic and diluted EPS for the year ended December 31, 2018. (Enter your answers in millions (l.e., 10,000,000 should be entered as 10).) Numerator Denominator = Earnings per share Basic Diluted HE. Get Accounting homework help today

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