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URGENT!! 30494 Marigold Corp, had 208000 shares of common stock, 20400 shares of convertible preferred stock, and $1470000 of 6% convertible bonds outstanding during 2021.
URGENT!! 30494
Marigold Corp, had 208000 shares of common stock, 20400 shares of convertible preferred stock, and $1470000 of 6% convertible bonds outstanding during 2021. The preferred stock is convertible into 40300 shares of common stock. During 2021, Marigold paid dividends of $0.90 per share on the common stock and $4 per share on the preferred stock. Each $1.000 bond is convertible into 30 shares of common stock. The net income for 2021 was $594000 and the income tax rate was 35%. Diluted earnings per share for 2021 is (rounded to the nearest penny) $2.00. $2.04. $2.23. $2.39 Step by Step Solution
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