Selected information from Able Company 抯 financial acti

单项选择题

Selected information from Able Company 抯 financial activities in the year 2001 is as follows:
Net Income was $720,000.
1,000,000 shares of common stock were outstanding on January 1.
1,000 shares of eight percent, $1,000 par value preferred shares were outstanding on
January 1 and dividends were paid in 2001.
The tax rate was 40 percent.
Dividends were paid in 2001.
The average market price per share was $20 in 2001.
6,000 shares of three percent $500 par value preferred shares, convertible into common
shares at a rate of 30 common shares for each preferred share, were outstanding for the entire
year.
Able 抯 diluted earnings per share (Diluted EPS) for 2001 was closest to:
A.$0.55.
B.$0.65.
C.$0.66.
D.$0.54.

A.
1,000
B.

C.
Dividends
D.
The
E.
6,000
F.
Able
G.$0.55.
B.$0.65.
C.$0.66.
D.$0.54.

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