Ellen Kelly Inc. had 31,300 shares of $.50 par common stock 10,000 shares of 5%, $20 par cumulative preferred stock and 5,000 sh

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3 years ago

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Ellen Kelly Inc. had 31,300 shares of $.50 par common stock 10,000 shares of 5%, $20 par cumulative preferred stock and 5,000 sh

ares of 5%, $10 par preferred stock convertible into 3,800 common shares. Net income after taxes was $55,779. No dividends were declared during the year. The numerator in the Diluted EPS would be $________

Business

1 answer:

Serga [27] · Answer 1 · 2022-07-11T04:50:14+03:00

Serga [27]3 years ago

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Answer:

10,000 common stock.

The EPS = earnings per share = Earnings before tax divided by outstanding common stock in issue