Coronado Industries had 202000 shares of common stock, 19300 shares of convertible preferred stock, and $596000...

Coronado Industries had 202000 shares of common stock, 19300 shares of convertible preferred stock, and $596000 of 9% convertible bonds outstanding during 2021. The preferred stock is convertible into 39700 shares of common stock. During 2021, Coronado paid dividends of $0.55 per share on the common stock and $1.70 per share on the preferred stock. Each $1,000 bond is convertible into 45 shares of common stock. The net income for 2021 was $350000 and the income tax rate was 35%.

Diluted earnings per share for 2021 is (rounded to the nearest penny)

$1.36.

$1.43.

$1.52.

$1.32.

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ekkarill92 answered 1 year ago

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