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2 part question but is 1 question USE THE FOLLOWING INFORMATION FOR #1-3: Net income after tax = $654,120 Preferred dividends declared = $70,000 Beginning

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USE THE FOLLOWING INFORMATION FOR #1-3: Net income after tax = $654,120 Preferred dividends declared = $70,000 Beginning of year outstanding common shares - 66,000 # of convertible preferred shares able to be converted to common shares = 66,000 outstanding at the beginning of the year. Tax rate = 21% Basic earnings per share = $8.85 Compute net income available to common calculation. lers for the diluted earnings per share Question 2 3 pts Compute weighted average common calculation: the diluted earnings per share

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