Business, 04.04.2020 04:11, groundcontrol

Hanson Co. had 200,000 shares of common stock, 20,000 shares of convertible preferred stock. The preferred stock is convertible into 40,000 shares of common stock. During 2021, Hanson paid dividends of $.90 per share on the common stock and $3 per share on the preferred stock. The net income for 2021 was $600,000 and the income tax rate was 30%. Basic earnings per share for 2021 is (rounded to the nearest penny) .

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Hanson Co. had 200,000 shares of common stock, 20,000 shares of convertible preferred stock. The pre...