(Answered) Question - zen incorporated has 6000000 shares of common

Accounting

Question - Zen, incorporated, has 6000,000 shares of common stock outstanding on December 31, 2008. An additional 1000,000 shares of common stock were issued on July 1, 2009, and 500,000 more on October 1, 2009. On April 1, 2009, Zen issued 25000, $1000 face value, 8% convertible bonds. Each bond is convertible into 20 shares of common stock. No bonds were converted into common stock on 2009. Net income after taxes is 28000,000 and the tax rate is 30%. Compute EPS and DEPS.

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