(show Work and calculations) X Company had 200,000 shares of $10 par value common stock outstanding...

(show Work and calculations)

X Company had 200,000 shares of $10 par value common stock outstanding during fiscal 2018 along with 10,000 shares of 8%, cumulative, $100 par value preferred stock four years in arrears, with each share convertible into five shares of common stock. X’s fiscal 2018 net income was $800,000 and reflects an income tax rate of 40%.

Required—Prepare in good form the fiscal 2018 EPS presentation for X Company

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ekkarill92 answered 3 months ago

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