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(Solved): Information from the financial statements of Park-Rao Industries included the following at December ...



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Information from the financial statements of Park-Rao Industries included the following at December 31, 2024 : Common shares outstanding throughout the year Convertible preferred shares (convertible into 20 million shares of common) Convertible bonds (convertible into shares of common) 100 million 55 million million Park-Rao's net income for the year ended December 31,2024 , is million. The income tax rate is . Park-Raos paid dividends of per share on its preferred stock during 2024 . Requlred: Compute basic and diluted earnings per share for the year ended December 31, 2024. Note: Do not round Intermedlate colculatlons. Except for per shere amounts, enter your onswers In millions (l.e., should be entered as 10 ). Round "Eornings per share" answer to 2 declmel ploces.


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Earnings per share (EPS) is a financial metric that indicates the profitability of a co...
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