Dicenta corporation reported net income of 283000 in 2012

Reference no: EM13581009

DiCenta Corporation reported net income of 283,000 in 2012 and had 50,000 shares of common stock outstanding throughout the year. Also outstanding all year were 6,820 shares of cummulative preferred stock, each convertible into 2 shares of common. The preferred stock pays an annual dividend of $5 per share. DiCenta tax rate is 40%. Compute DiCenta 2012 diluted earning per share

Reference no: EM13581009

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