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At December 31, 2024, Oriole Co. had 1150000 shares of common stock outstanding. In addition, Oriole had 449000 shares of preferred stock which were convertible
At December 31, 2024, Oriole Co. had 1150000 shares of common stock outstanding. In addition, Oriole had 449000 shares of preferred stock which were convertible into 755000 shares of common stock. During 2025, Oriole paid $1120000 cash dividends on the common stock and $802000 cash dividends on the preferred stock. Net income for 2025 was $6877050 and the company's income tax rate was 20%. Diluted earnings per share for 2025 was $2.60. $5.98. $3.61. $5.00
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