Business, 12.12.2019 00:31 Naviascales7018
Hanson co. had 200,000 shares of common stock, 20,000 shares of convertible preferred stock, and $1,500,000 of 5% convertible bonds outstanding during 2018. the preferred stock is convertible into 40,000 shares of common stock. during 2015, hanson paid dividends of $.90 per share on the common stock and $3 per share on the preferred stock. each $1,000 bond is convertible into 30 shares of common stock. the net income for 2018 was $600,000 and the income tax rate was 30%. reference: ref 16-5 diluted earnings per share for 2018 is (rounded to the nearest penny) group of answer choices
a. $2.29.
b. $2.12.
c. $2.08.
d. $2.50.
Answers: 1
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Hanson co. had 200,000 shares of common stock, 20,000 shares of convertible preferred stock, and $1,...
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