How do you determine the answer for five rubber stamps cost $9.70 which equation will help determine the cost of living rubber stamps

48$

Step-by-step explanation:

9.70 × 5 = 48$

$3.48

Explanation:

Net income ÷Shares of common stock outstanding + Preferred stock convertible shares of common stock.

Net income 6,800,000

Shares of common stock outstanding 1,200,000

Preferred stock convertible 750,000

Hence:

$6,800,000/ ($1,200,000 + $750,000)

=$6,800,000/$1,950,000

=$3.48

Therefore the diluted earnings per share for 2021 is $3.48