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Please show work and or calculations 11. Mango company had the following items as of December 31: $2,000,000 bonds, 8% issued on January 1, due
Please show work and or calculations
11. Mango company had the following items as of December 31: $2,000,000 bonds, 8% issued on January 1, due in 10 years. Each $1,000 of bonds is convertible into 5 shares of common stock. 4% preferred stock, $100 par, 100,000 shares issued and outstanding. Each 1,000 shares are convertible into 10 shares of common stock. Cumulative Common stock, $1 par, 250,000 shares issued and outstanding. Mango's net income for 2020 was $3,000,000. Mango's tax rate is 20%. Compute Basic and Diluted EPS for the year. (8 pts) Step by Step Solution
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