Business, 18.06.2021 04:40 blan69

Sheffield Corp. had 205000 shares of common stock, 20300 shares of convertible preferred stock, and $1580000 of 4% convertible bonds outstanding during 2021. The preferred stock is convertible into 39800 shares of common stock. During 2021, Sheffield paid dividends of $1.00 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 $599000 and the income tax rate was 35%. Diluted earnings per share for 2021 is :

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Sheffield Corp. had 205000 shares of common stock, 20300 shares of convertible preferred stock, and...

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