Swifty Corporation had 190000 shares of common stock, 20700 shares of convertible preferred stock, and $1540000...

 

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Swifty Corporation had 190000 shares of common stock, 20700 shares of convertible preferred stock, and $1540000 of 4% convertible bonds outstanding during 2021. The preferred stock is convertible into 40400 shares of common stock. During 2021. Swifty paid dividends of $1.00 per share on the common stock and $3 per share on the preferred stock. Each $1,000 bond is convertible into 30 shares of common stock. The net income for 2021 was $605000 and the income tax rate was 35%. Diluted earnings per share for 2021 is (rounded to the nearest penny) $2.33. Ⓒ$2.20. $2.63. $2.16. Swifty Corporation had 190000 shares of common stock, 20700 shares of convertible preferred stock, and $1540000 of 4% convertible bonds outstanding during 2021. The preferred stock is convertible into 40400 shares of common stock. During 2021. Swifty paid dividends of $1.00 per share on the common stock and $3 per share on the preferred stock. Each $1,000 bond is convertible into 30 shares of common stock. The net income for 2021 was $605000 and the income tax rate was 35%. Diluted earnings per share for 2021 is (rounded to the nearest penny) $2.33. Ⓒ$2.20. $2.63. $2.16.