Question: LO 9 - 6 the 4 0 , 0 0 0 shares of 6 % , $ 5 0 par value preferred stock that were

LO 9-6 the 40,000 shares of 6%,$50 par value preferred stock that were outstanding the entire year.
Required:
a. Calculate basic earnings per share of common stock for the year ended January 31,2023.
b. If Mamba Metals, Ltd.'s preferred stock were convertible into common stock, what additional calculation would be required?
LO 9-6 the 40,000 shares of 6%,$50 par value preferred stock

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