Question
Roberts Company reported net income of $1,268 million in 2021. The weighted average number of common shares outstanding during 2021 was 554 million shares. Roberts
Roberts Company reported net income of $1,268 million in 2021. The weighted average number of common shares outstanding during 2021 was 554 million shares. Roberts paid $40 million in dividends on preferred stock, which was convertible into 20 million shares of common stock. How much is the diluted earnings per share amount for 2021?
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Financial Accounting An International Introduction
Authors: David Alexander, Prof Christopher Nobes, Chris W. Nobes
4th Edition
027372164X, 978-0273721642
