Colson Corp. had $650,000 net income in 2018. On January 1, 2018 there were… 1 answer below »

Colson Corp. had $650,000 net income in 2018. On January 1, 2018 there were 210,000 shares of common stock outstanding. On April 1, 20,600 shares were issued and on Septem shares of treasury stock. There are 25,000 options to buy common stock at $40 a share outstanding. The market price of the common stock averaged $50 during 2018. The tax rate
During 2018, there were 39,000 shares of convertible preferred stock outstanding. The preferred is $100 par; pays $3.50 a year dividend, and is convertible into three shares of comrr Colson issued $2,000,000 of 8% convertible bonds at face value during 2017. Each $1,000 bond is convertible into 30 shares of common stock. Complete the schedule and compute diluted earnings per share for 2018. (Round answers to 2 decimal places, e.g. 52.75. Enter negative amounts using either a negative e.g. -45 or parentheses e.g. (45).)

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