Business, 12.02.2020 05:21, Brangolflro

A firm with a net income of $30,000 and weighted average actual shares outstanding of 15,000 for the year also had the following two securities outstanding the entire year: (1) 2,000 options to purchase one share of stock for $12 per share. The average share price during the year was $20, (2) cumulative convertible preferred stock with an annual dividend commitment of $4,500. Total common shares issued on conversion are 2,900. Compute diluted EPS for this firm.
A. $1.70B. $1.60C. $1.55D. $1.61

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A firm with a net income of $30,000 and weighted average actual shares outstanding of 15,000 for the...