The following information relates to Jones Corporation on December 31, 2020. Common stock, 51 par,...
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Accounting
The following information relates to Jones Corporation on December 31, 2020. Common stock, 51 par, 300.000 issued and outstanding shares $100,000 Cumulative, convertible, G. 556 par preferred stock, 10.000 tasued and outstanding thares 5500,000 5 Corwertible bonds 5200,000 During 2020, no dividends were declared on its preferred stock. The preferred stares are convertible into 50.000 shares of common stock. The 5% bonds are convertible into 60,000 shares of common stock Net income for 2020 is 5610,000. Assume that the income tax ratapis 25 and that the common stock preferred stock and the bonds were outstanding all year. Compute basic EPS for 2020 Select one: a $1.93 b. $2.03 51.87 d. 51.97
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