Accounts

For the year ended 31/12/2013, Anonymous Corp. reported Net Income of rs100,000, including rs10,000 of Interest Expense on convertible debt. Anonymous had 10,000 common shares outstanding throughout 2013. Anonymous paid rs4,000 of preferred dividends during 2013. Anonymous' convertible debt is convertible into 2,000 shares of common stock. Anonymous is a US company with a 35% Federal Statutory Tax Rate. What is Anonymous Corp.'s Diluted EPS for fiscal year 2013? 1.rs7.17 2.rs7.46 3.rs8.54 4.rs8.83 5.rs8.29
Replies (1)

one thing i dont understand if Anonymous is a US company, how come its earnings are in rs .

Anyway DEPS shd be 8.875

[100000+ 10000(1-.35) ]/10000+2000

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