Question: Calculate basic earnings per share and diluted earnings per share for the following information C company had not income for fiscal year ending Dec

Calculate basic earnings per share and diluted earnings per share for the

Calculate basic earnings per share and diluted earnings per share for the following information C company had not income for fiscal year ending Dec 31,2019 of 3.4 million. There were 2 million common shares outstanding throughout 2019. The average market price of the common shares for the fiscal year was $75. C company tax rate is 10%. C company had following potential common share outstanding during 2019 Options to buy 100000 common share at $50 per share 80000 convertible preferred share entitled to a cumulative dividend of 8 per hare . Each preferred share is convertible into two common shares. 8% convertible debentures with a principal amount of $100 issue At par. Each $100 debenture is convertible into 20 common shares

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