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Last year, XYZ Inc. reported net income of $ 2 2 0 , 0 0 0 and had 5 6 , 0 0 0 shares
Last year, XYZ Inc. reported net income of $ and had shares of common stock and share of convertible preferred stock outstanding for the entire year. Each preferred share is $ par value, pays dividend, and is convertible to shares of common stock. XYZ Inc. also had convertible bonds oustanding for the entire year. Each convertible bond is $ par value, pays interest and is convertible to shares of common stock. The tax rate is What is the diluted earning per share?
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f None of these answers.
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