Earnings per sharesantana corporation has 400000 shares of


Question - Earnings per share.Santana Corporation has 400,000 shares of common stock outstanding throughout 2010. In addition, the corporation has 5,000, 20-year, 7% bonds issued at par in 2008. Each $1,000 bond is convertible into 20 shares of common stock after 9/23/11. During the year 2010, the corporation earned $600,000 after deducting all expenses. The tax rate was 30%.

Instructions - Compute the proper earnings per share for 2010.

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Accounting Basics: Earnings per sharesantana corporation has 400000 shares of
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