Calculate diluted earnings per share. (Round calculations of EPS to 3 decimal places, e.g. 3.545...
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Calculate diluted earnings per share. (Round calculations of EPS to 3 decimal places, e.g. 3.545 and provide final answer to 2 decimal laces, e.g. 15.25.) Tamarisk Corporation had net income for the current year ending December 31, 2023 of $1,231,100. Throughout 2023 the following items were outstanding: - 398,000 common shares - 19,000 Class A \$3 cumulative preferred shares that were convertible to common shares at a rate of 1:1 - 48,000 Class B $4 non-cumulative preferred shares that were convertible at a rate of 1 common share for every 2 preferred shares. - $525,000,8% bonds that were convertible to 15,000 common shares - $322,000,10% bonds convertible to 10,000 common shares No dividends were declared or paid in 2023. Tamarisk's tax rate is 25%. Diluted EPS \$
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Calculate diluted earnings per share. (Round calculations of EPS to 3 decimal places, e.g. 3.545 and provide final answer to 2 decimal laces, e.g. 15.25.) Tamarisk Corporation had net income for the current year ending December 31, 2023 of $1,231,100. Throughout 2023 the following items were outstanding: - 398,000 common shares - 19,000 Class A \$3 cumulative preferred shares that were convertible to common shares at a rate of 1:1 - 48,000 Class B $4 non-cumulative preferred shares that were convertible at a rate of 1 common share for every 2 preferred shares. - $525,000,8% bonds that were convertible to 15,000 common shares - $322,000,10% bonds convertible to 10,000 common shares No dividends were declared or paid in 2023. Tamarisk's tax rate is 25%. Diluted EPS \$
