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Current Attempt in Progress Sheffield Corporation reported net income of $ 2 8 8 , 1 5 0 in 2 0 2 5 and had

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Sheffield Corporation reported net income of $288,150 in 2025 and had 46,500 shares of common stock outstanding throughout the
year. Also outstanding all year were 5,000 shares of cumulative preferred stock, each convertible into 2 shares of common. The
preferred stock pays an annual dividend of $5 per share. Sheffield's tax rate is 30%
Compute Sheffield's 2025 diluted earnings per share. (Round answer to 2 decimal plices, es.3.55)
Diluted earnings per share
eTextbook and Media Sheffield Corporation reported net income of $288,150 in 2025 and had 46,500 shares of common stock outstanding throughout the year. Also outstanding all year were 5,000 shares of cumulative preferred stock, each convertible into 2 shares of common. The preferred stock pays an annual dividend of $5 per share. Sheffield's tax rate is 30%.
Compute Sheffield's 2025 diluted earnings per share. (Round answer to 2 decimal places, e.g.3.55.)
Diluted earnings per share
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