question 14 and 15

QUESTION 14 Gator, Inc, had net income of $2,500,000 and 500,000 common shares outstanding in 2018. The company paid $450,000 in preferred stock dividends and 50.000 in common stock dividends during the year. The company has 50,000 shares of preferred stock and each share of preferred stock can be converted in 4 shares of common stock What was the company's diluted earnings per share (EPS) in 2018? a. 14.100 b. 53.836 O $3.571 O d.53.221 Oe. 2.929 QUESTION 15 ABC Company has the following income statement information: Revenue $7,000,000 Cost of goods sold $3,500,000 Other operating expenses $ 700,000 Interest expense $ 230,000 Tax expense $ 110,000 What is ABC Company's gross profit? $2,460,000 $2,570,000 O $2,800,000 $3.500,000 QUESTION 14 Gator, Inc. had net income of $2,500,000 and 500,000 common shares outstanding in 2018. The company paid $450,000 in preferred stock dividends and 530,000 in common stock dividends during the year. The company has 50,000 shares of preferred stock, and each share of preferred stock can be converted in 4 shares of common stock. What was the company's diluted earnings per share (EPS) in 2018? a $4.100 b. 53.836 OC $3.571 d. 53.221 O e. 2.929 QUESTION 15 ABC Company has the following income statement information: Revenue $7,000,000 Cost of goods sold $3,500,000 Other operating expenses $ 700,000 Interest expense $ 230,000 Tax expense $ 110,000 What is ABC Company's gross profit? 52.460,000 O $2,570,000 O $2,800,000 $3,500,000