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Marigold Corporation earned net income of $457,560 in 2025 and had...

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Accounting

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Marigold Corporation earned net income of $457,560 in 2025 and had 100,000 shares of common stock outstanding throughout the year. Also outstanding all year was $900,000 of 5% bonds, which are convertible into 17,000 shares of common. Marigold's tax rate is 30 percent. Compute Marigold's 2025 diluted earnings per share. (Round answer to 2 decimal places, es. 3.55.) Diluted earnings per share

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