Ivanhoe Corporation reported net income of $ 709,426 in 2020 and had 127,000 common shares outstanding throughout the year. Also outstanding all year were 9,400 of cumulative preferred shares, with each being convertible into 4 common shares. The preferred shares pay an annual dividend of $ 5 per share. Ivanhoes tax rate is 45%. Calculate Ivanhoes 2020 diluted earnings per share. (Round answer to 2 decimal places, e.g. 15.25.)

Diluted earnings per share

$ enter Diluted earnings per share in dollars rounded to 2 decimal places Ivanhoe Corporation reported net income of $ 709,426 in 2020 and had 127,000 common shares outstanding throughout the year. Also outstanding all year were 9,400 of cumulative preferred shares, with each being convertible into 4 common shares. The preferred shares pay an annual dividend of $ 5 per share. Ivanhoes tax rate is 45%. Calculate Ivanhoes 2020 diluted earnings per share. (Round answer to 2 decimal places, e.g. 15.25.)

Diluted earnings per share

$ enter Diluted earnings per share in dollars rounded to 2 decimal places