Company has 200,000 shares of common stock 50,000 shares a convertible preferred stock and $2 million of 10% convertible bonds outstanding during the current year the preferred stock was convertible in the 40,000 shares of common stock. During the current year company pay dividends of a dollar per share on the common stock and two dollars per share on the preferred stock each $1000 bond was convertible into 50 shares of common stock the net income for the year was $1 million in income tax rate was 30%. Basically earnings-per-share for the current year was

This Question: 1 pt 1 Hutchins Company had 200,000 shares of comn preferred stock was convertible into 40,000 shar cies During the current year, Hutchins paid dividends common stock. The net income for the year was nter & Basic earnings per share for the current year was O A. $4.50 OB. S4.55 O C. $4.30 OD. $5.00 Click to select your answer Save for Later . Previous