Why is this cartoon ironic? It clearly depicts the current management principles in place in the nation’s most successful employers.
It depicts the small number of executives and managers engaged in designing any project.
It depicts a major problem with this company; employee-management communication is key to the business’ success.
It depicts confusion on the faces of the other managers indicating that the suggestions is, in fact, kooky.

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