单选题 During 2000, Rory, Inc. , reported net income of $15000 and had 2000 shares of common stock outstanding for the entire year. Rory also had 2000 shares of 10% , $50 par value preferred stock outstanding during 2000. During 1998, Rory issued 100, $1000 par, 6% bonds for $100000. Each of these is convertible to 50 shares of common stock. The tax rate is 40%. Assuming these bonds are dilutive, basic earnings per share(EPS) and diluted EPS for Rory are closest to :
Basic EPS Diluted EPS
①A. $2.50 $0.71
②B. $2.50 $1.23
③C. $2.88 $0.71
  • A.①
  • B.②
  • C.③
【正确答案】 B
【答案解析】

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Diluted EPS = [NI-preferred dividends+convertible interest(1-t)]/[weighted average shares +convertible debt shares]. 100×1000×6%×(1 -0.4) = $3600; convertible debt shares = 50×100=5000.
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