Business, 24.05.2021 14:00, cedricevans41p4j3kx
During the current year, Comma Co. had outstanding: 25,000 shares of common stock; 8,000 shares of $20 par, 10% cumulative preferred stock; and 3,000 bonds that are $1,000 par and 9% convertible. The bonds were originally issued at par, and each bond was convertible into 30 shares of common stock. During the year, net income was $200,000, no dividends were declared, and the tax rate was 30%. What amount was Comma's basic earnings per share for the current year?
a. $7.55
b. $7.36
c. $8.00
d. $3.38
Answers: 1
Business, 21.06.2019 15:30, shaelyn0920
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Business, 22.06.2019 03:00, nyahdrake
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Answers: 1
Business, 22.06.2019 06:40, Amber423
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Answers: 3
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