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mf7252001
mf7252001
12.03.2020 • 
Business

Tomorrow, Inc. has the following capital structure in 2018: common stock totaling 200,000 shares and convertible preferred stock totaling 10,000 shares. The preferred stock is convertible into 25,000 shares of common stock. During 2018, Tomorrow, Inc. paid dividends of $2.00 per share on its common stock and $1.50 per share on its preferred stock. Net Income in 2018 was $315,000. Calculate Tomorrow Inc.’s Diluted EPS.

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