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Compute basic and diluted EPS

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Question - During 2019, Uber reported net income of $4,350,000 and had 2,000,000 shares of common stock outstanding for the entire year. Uber's 7%, $5,000,000 par value preferred stock is convertible into common stock at a conversion rate of 1.1 shares for every $10 of par value. Compute basic and diluted EPS.

Reference no: EM132616156

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