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During 2010, Sanchez, Inc

Question 77

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During 2010, Sanchez, Inc.had the following convertible securities outstanding:
During 2010, Sanchez, Inc.had the following convertible securities outstanding: Sanchez, Inc.has an income tax rate of 40%.Its reported net income for 2010 was $88, 000, and it had 22, 000 shares of common stock outstanding all year. Required: Calculate basic and diluted earnings per share for Sanchez. Sanchez, Inc.has an income tax rate of 40%.Its reported net income for 2010 was $88, 000, and it had 22, 000 shares of common stock outstanding all year.
Required:
Calculate basic and diluted earnings per share for Sanchez.

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