Assume a company has the following: - Net Income of $4,000,000 - An average of...
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Assume a company has the following: - Net Income of $4,000,000 - An average of 500,000 shares of common stock outstanding - 100,000 shares of convertible preferred outstanding - No other potentially dilutive securities - Each share of preferred pays a dividend of $10 per share, and each is convertible into five shares of the company's common stock. Calculate the company's diluted EPS. $3.00 /share $4.00 /share $5.00/ share $6.00 /share Assume a company has the following: - Net Income of $4,000,000 - An average of 500,000 shares of common stock outstanding - 100,000 shares of convertible preferred outstanding - No other potentially dilutive securities - Each share of preferred pays a dividend of $10 per share, and each is convertible into five shares of the company's common stock. Calculate the company's diluted EPS. $3.00 /share $4.00 /share $5.00/ share $6.00 /share
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