Mamba Metals, Limited reported net income of $755,000 for its fiscal year ended January 31,2023 . At the beginning of that fiscal year, 53,000 shares of common stock were outstanding. On October 31,2022 , an additional 39,000 shares were issued. No other changes in common shares outstanding occurred during the year. Also during the year, the company paid the annual dividend on the 36,000 shares of 6%,$40 par value preferred stock that were outstanding the entire year. Required: a. Calculate basic earnings per share of common stock for the year ended January 31, 2023. Note: Round your answer to 2 decimal places. b. If Mamba Metals, Limited's preferred stock were convertible into common stock, what additional calculation would be required
Other questions asked by students
For each triangle check all that apply Triangle A 15 15 Scalene Isosceles O Equilateral...
a 50 mL sample consisting of 0.15 M nicotine C10H14N2 is tot rated with 0.25 M...
Discuss all of the theoretical perspectives used to study social problems and apply them to real...
Question 15 of 50 -/5 View Policies Current Attempt in Progress...
Crane Company had the following information: If the company exactly met its required 10% ROI...
Ajax Chemicals found that the demand for its two best-selling paints Yellow and Red...
An investment will pay $20,500 at the end of the first year, $30,500 at the...
PLEASE HELP !!!!!!! Weygandt, Accounting Principles, 12e Gradebook ORION Dewnloadable...