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I know what the answer is, the only thing I want to know is how to get that 72% ( second picture) Information concerning the
I know what the answer is, the only thing I want to know is how to get that 72% ( second picture)
Information concerning the capital structure of Marigold Corp. is as follows: During 2021, Marigold paid dividends of $0.90 per share on its common stock and $3 per share on its preferred stock. The preferred stock is convertible into 31000 shares of common stock. The 5% convertible bonds are convertible into 74200 shares of common stock. The net income for the year ended December 31, 2021, was $408000. Assume that the income tax rate was 28%. What should be the diluted earnings per share for the year ended December 31,2021 , rounded to the nearest penny? $2.12 $1.75 $2.00 $1.87Step by Step Solution
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