PLEASE SHOW ALL WORK AND EXPLAIN During 2016, Yang Corp. had the following two classes...
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Accounting
PLEASE SHOW ALL WORK AND EXPLAIN
During 2016, Yang Corp. had the following two classes of stock issued and outstanding for the entire year:
14,591 shares of common stock, $1 par.
2,119 shares of 8% preferred stock, $31 par, convertible share for share into common stock.
Yangs 2016 net income was $130,415, and its income tax rate for the year was 30%.
Yangs Diluted EPS is $__________ Round your answer 2 decimals
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