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How do solve the weighted average number of common shares

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Sandhill Inc. has 358,000 common shares outstanding throughout the year. On June 30, Sandhill issued 15,900 convertible preferred shares that are convertible into 2 common shares each.

Problem 1: Calculate the weighted average number of common shares to use in calculating the diluted EPS. Assume that the preferred shares are dilutive.

Reference no: EM132702835

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