A company reports basic earnings per share of $5.00 per share. The company has convertible preferred stock that can be converted into common stock. What will diluted earnings per share equal?
A) $5.00 per share
B) more than $5.00 per share
C) less than $5.00 per share
D) There is not enough information
C
Business
You might also like to view...
The employees of Royal Clothes achieved all of the sales goals for 2017
Royal decides to reward the employees with a bonus of 20% on annual net income, after deducting the bonus. The net income before the calculation of the bonus is $312,000. What is the amount of the bonus? A) $62,400 B) $52,000 C) $55,059 D) $12,480
Business
When Black and Decker introduced a new form of wrench with the name "Black and Decker Adjustable Wrench," which was being used?
A) family brand B) cooperative brand C) flanker brand D) complementary brand
Business