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if Company had 900,000 ordinary shares, 80,000 preference shares and $10,000,000 of 3% convertible bonds outstanding during 2017. The bonds are convertible into 360,000 ordinary
if Company had 900,000 ordinary shares, 80,000 preference shares and $10,000,000 of 3% convertible bonds outstanding during 2017. The bonds are convertible into 360,000 ordinary shares in total. During 2020, this Company paid dividends of $6.00 per ordinary share and $4.00 per preference share. The Net Income for 2020 was $3,600,000 and the income tax rate was 40%.
1. What is the Diluted EPS for the Company for 2020 as reported on the Income Statement
2. The number of Preference shares which should be used in the calculation of Diluted Earnings per Share for company for 2020
3. What is the Diluted EPS for the Company for 2020 as reported on the Income Statement
(round all to two decimal places)
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