Rudyard Corporation had 130,000 shares of common stock and 13,000 shares of 8%, $100 par convertible preferred stock outstanding during the year. Net income for the year was $430,000 and dividends were paid to both common and preferred shareholders. Rudyard's effective tax rate is 25%. What is Rudyard's basic EPS? Multiple Choice $2.51. $2.28. $4.11. $3.31.
Rudyard Corporation had 130,000 shares of common stock and 13,000 shares of 8%, $100 par convertible preferred stock outstanding during the year. Net income for the year was $430,000 and dividends were paid to both common and preferred shareholders. Rudyard's effective tax rate is 25%. What is Rudyard's basic EPS? Multiple Choice $2.51. $2.28. $4.11. $3.31.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Rudyard Corporation had 130,000 shares of common stock and 13,000 shares of 8%, $100 par convertible preferred stock outstanding during the year. Net income for the year was $430,000 and dividends were paid to both common and preferred shareholders. Rudyard's effective tax rate is 25%.
What is Rudyard's basic EPS?
Multiple Choice
-
$2.51.
-
$2.28.
-
$4.11.
-
$3.31.
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