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What is ABCs Diluted EPS

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Reference no: EM132737403

Question - On January 1, 2020, ABC Co. issued 100,000 common shares and 10,000 shares of 6% preferred stock at $200 par per share, convertible into 50,000 shares of common stock. On December 31, 2020, ABC issued 40,000 additional shares of common stock, reported net income of $450,000 and declared $80,000 of dividends. What is ABC's Diluted EPS for 2020?

a. $2.36

b. $1.74

c. $3.00

d. $3.30

e. $2.20

Reference no: EM132737403

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