skysong corporation reported net income of $256,960 in 2020 and had 47,400 shares of commonstock outstanding all year were 5500 shares of cumulative preferred stock, each convertible into 2 shares of common. The preferred stock pays an annual dividend of $5 per share. Skysong's tax rate is 50%. Compute Skysong's 2020 diluted earnings per share.
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skysong corporation reported net income of $256,960 in 2020 and had 47,400 shares of commonstock outstanding all year were 5500 shares of cumulative preferred stock, each convertible into 2 shares of common. The preferred stock pays an annual dividend of $5 per share. Skysong's tax rate is 50%.
Compute Skysong's 2020 diluted earnings per share.
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- Carla Corporation reported net income of $315,350 in 2020 and had 50,500 shares of common stock outstanding throughout the year. Also outstanding all year were 4,500 shares of cumulative preferred stock, each convertible into 2 shares of common. The preferred stock pays an annual dividend of $5 per share. Carla’s tax rate is 30%.Compute Carla’s 2020 diluted earnings per share. (Round answer to 2 decimal places, e.g. 3.55.) Diluted earnings per share $Marigold Corporation had 2020 net income of $1,066,000. During 2020, Marigold paid a dividend of $2 per share on 36,350 shares of preferred stock. During 2020, Marigold had outstanding 301,000 shares of common stock.Compute Marigold’s 2020 earnings per share. (Round answer to 2 decimal places, e.g. 3.56.) Earnings per share $enter earnings per share in dollars rounded to 2 decimal places per shareDiamond Corp. earned net income of $550,000 in 2021 and had 120,000 shares of common stock outstanding throughout the year. Also outstanding all year was $800,000 of 5% bonds, which are convertible into 20,000 shares of common. Diamond’s tax rate is 30%. Compute Diamond’s 2021 diluted earnings per share.