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ASAP PLS TY ** CORRECT ANSWERS ONLY Carla Vista Co. had 190000 shares of common stock, 19600 shares of convertible preferred stock, and $1497000 of
ASAP PLS TY ** CORRECT ANSWERS ONLY
Carla Vista Co. had 190000 shares of common stock, 19600 shares of convertible preferred stock, and $1497000 of 4% convertible bonds outstanding during 2025. The preferred stock is convertible into 39100 shares of common stock. During 2025, Carla Vista paid dividends of $0.80 per share on the common stock and $4 per share on the preferred stock. Each $1000 bond is convertible into 30 shares of common stock. Carla Vista's net income for 2025 was $600000 and its income tax rate was 30%. Basic earnings per share for 2025 is $2.42. $2.62. $2.54. $2.75 Step by Step Solution
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