Dillion Danis Corporation reported net income of $261,360 in 2025 and had 49,000 shares of common...

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Dillion Danis Corporation reported net income of $261,360 in 2025 and had 49,000 shares of common stock outstanding throughout the year. Also outstanding all year were 5,200 shares of cumulative preferred stock, each convertible into 2 shares of common. The preferred stock pays an annual dividend of $5 per share. Dillion Danis's tax rate is 40%. Compute Dillion Danis's 2025 diluted earnings per share. (Round answer to 2 decimal places, e.g. 3.55.) Diluted earnings per share $ Dillion Danis Corporation reported net income of $261,360 in 2025 and had 49,000 shares of common stock outstanding throughout the year. Also outstanding all year were 5,200 shares of cumulative preferred stock, each convertible into 2 shares of common. The preferred stock pays an annual dividend of $5 per share. Dillion Danis's tax rate is 40%. Compute Dillion Danis's 2025 diluted earnings per share. (Round answer to 2 decimal places, e.g. 3.55.) Diluted earnings per share $

Answer rating: 100% (QA)

To calculate Dillion Danis Corporations diluted earnings per share EPS for 2025 we need ... View the full answer