Brianna is giving a speech on job specialization for her business class. She will most likely tell the class that one of the reasons for job specialization is a. not everyone wants to do the same thing. b. the organization is too large for one person to do everything. c. a worker repeating the same job becomes bored and slows down the operation. d. special skills are not needed to complete specialized tasks.

On january 1, 2017, pharoah company issued 10-year, $2,020,000 face value, 6% bonds, at par. each $1,000 bond is convertible into 16 shares of pharoah common stock. pharoah’s net income in 2017 was $317,000, and its tax rate was 40%. the company had 97,000 shares of common stock outstanding throughout 2017. none of the bonds were converted in 2017. (a) compute diluted earnings per share for 2017. (round answer to 2 decimal places, e.g. $2.55.) diluted earnings per share