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Ellen Kelly Inc. had 31300 shares of $.50 par common stock a- 10000 shares of 5%, $20 par cumulative preferred stock 'and 5000 shares of
Ellen Kelly Inc. had 31300 shares of $.50 par common stock a- 10000 shares of 5%, $20 par cumulative preferred stock 'and 5000 shares of 5%, $10 par preferred stock convertible into 3800 common 1 shares.Net income after taxes was $55779. No dividends were declared during the year. The numerator in the Basic EPS would be $-?
Ellen Kelly Inc. had 31300 shares of S.50 par common stock -10000 shares of 5%, $20 par cumulative preferred stock and 5000 shares of 5%, $10 par preferred stock convertible into 3800 common shares. Net income after taxes was $55779. No dividends were declared during the year. The numerator in the Basic EPS would be $ Step by Step Solution
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