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Business, 20.12.2019 22:31 izzysmith6836

Hanson co. had 200,000 shares of common stock, 20,000 shares of convertible preferred stock, and $1,000,000 of 5% convertible bonds outstanding during 2015. the preferred stock is convertible into 40,000 shares of common stock. during 2015, hanson paid dividends of $.60 per share on the common stock and $2 per share on the preferred stock. each $1,000 bond is convertible into 45 shares of common stock. the net income for 2015 was $400,000 and the income tax rate was 30%.diluted earnings per share for 2015 is (rounded to the nearest penny)$1.53.$1.67.$1.41.$1.39.

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