Datatec, Inc

question 72

Multiple Choice

Datatec, Inc., had 400,000 shares of $20 par common stock and 40,000 shares of $100 par, 6% cumulative, convertible preferred stock outstanding for the entire year ended December 31, 2011. Each share of the preferred stock is convertible into 5 shares of common stock. Datatec's net income for 2011 was $1,680,000. For the year ended December 31, 2011, the diluted earnings per share is

• A) $2.40.
• B) $2.80.
• C) $3.60.
• D) $4.20.

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Definitions:

Reverse Tracking

The process of identifying the origin or source of a particular dataset or event by working backwards from the outcome or end point.

Campaign

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Activity

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Activity Measures

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