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Business, 04.10.2019 21:10 erichenkell2280

Oriole company had 196000 shares of common stock, 19200 shares of convertible preferred stock, and $605000 of 11% convertible bonds outstanding during 2018. the preferred stock is convertible into 4 shares of common stock. during 2018, oriole paid dividends of $1 per share on the common stock and $2 per share on the preferred stock. each $1,000 bond is convertible into 45 shares of common stock. the net income for 2018 was $359000 and the income tax rate was 35%. diluted earnings per share for 2018 is (rounded to the nearest penny)

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Oriole company had 196000 shares of common stock, 19200 shares of convertible preferred stock, and $...
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