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JX A B D E F G H 5 6 7 8 9 Dayanna's Ditalini Inc. reported $2,386,250 of net income for the year ended
JX A B D E F G H 5 6 7 8 9 Dayanna's Ditalini Inc. reported $2,386,250 of net income for the year ended December 31, 2020. The company had 1,200,000 shares of common stock issued and outstanding throughout the entire year of 2020 and paid taxes at a rate of 40%. In addition the following other securities were carried by the company: 10 11 12 13 180,000 Shares of convertible preferred stock $100 par 3.10% cumulative 3 shares of common stk for each share of preferred 14 b 15 16 172,000 Shares of convertible preferred stock $100 par 2.75% cumulative 3 shares of common stk for each share of preferred 16,000 $1,000 convertible bonds 7.20% cumulative 40 shares of common stk for $1,000 bond d 12,000 $1,000 convertible bonds 6.50% cumulative 44 shares of common stk for $1,000 bond 17 18 19 20 21 22 23 24 25 26 27 28 29 30 31 32 33 34 e 600,000 Each options allows the holder to purchase a share of Common stock -- $ 27.00 Option price per share $ 30.00 Average market price per share Instructions: 1 Compute basic earnings per share for 2020 (rounded to one-tenth of a cent) 2 Compute diluted earnings per share for 2020 (rounded to one-tenth of a cent) show all work
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