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  1. business
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  3. blue inc. had net income for the current year endi

Blue Inc. had net income for the current year ending December 31,2023 of $1,230,940. During...

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Accounting

Blue Inc. had net income for the current year ending December 31,2023 of $1,230,940. During the entire year, there were 509,000
common shares outstanding. The company had two classes of preferred shares outstanding: the Class A preferred shares were $2.70
cumulative shares of which 11,000 were outstanding, and were convertible to common shares at a rate of 1:1. There were 110,000
$5.70 Class B non-cumulative preferred shares outstanding that were also convertible at a rate of 1:1. Blue had outstanding a
$1,000,000,8% bond issued at par in 2012 that was convertible to 21,000 common shares. The company also had outstanding a
$1,000,000,7% bond issued at par in 2013 that was convertible to 26,000 common shares. No dividends were declared or paid this
year. Blue's tax rate is 39%.
Calculate EPS. (Round calculations of EPS to 3 decimal places, e.g.3.545 and provide final answer to 2 decimal places, e.g.15.25.)
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