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Current Attempt in Progress Indigo Corporation reported net income of $269,280 in 2020 and had 50,600 shares of common s
Posted: Tue Nov 16, 2021 9:07 am
by answerhappygod
- Current Attempt In Progress Indigo Corporation Reported Net Income Of 269 280 In 2020 And Had 50 600 Shares Of Common S 1 (28.81 KiB) Viewed 106 times
Current Attempt in Progress Indigo Corporation reported net income of $269,280 in 2020 and had 50,600 shares of common stock outstanding throughout the year. Also outstanding all year were 5,300 shares of cumulative preferred stock, each convertible into 2 shares of common. The preferred stock pays an annual dividend of $5 per share. Indigo's tax rate is 30%. Compute Indigo's 2020 diluted earnings per share. (Round answer to 2 decimal places, e.g. 3.55.) Diluted earnings per share $