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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

The graph above shows how the price of cell phones varies with the demand quantity. the equilibrium price for cell phones is where both supply and demand quantities equal $100, 5,000 5,000, $100

Why might the current and quick ratios for the electric utility and the fast-food stock be so much lower than the same ratios for the other companies? (select all the answers that apply.) a. their inventory balances are going to be very close to zero because it is impossible to stockpile electricity and burgers. b. their accounts receivable balances are going to be much lower than for the other two companies. c. the explanation for the lower current and quick ratios most likely rests on the fact that these two industries operate primarily on a cash basis. d. the explanation for the lower current and quick ratios most likely relates to poor management performance?