Use the Following Information for Questions 108 and 109

question 128

Multiple Choice

Use the following information for questions 108 and 109.
Hanson Co. had 200,000 shares of common stock, 20,000 shares of convertible preferred stock, and $1,000,000 of 5% convertible bonds outstanding during 2015. The preferred stock is convertible into 40,000 shares of common stock. During 2015, Hanson paid dividends of $.60 per share on the common stock and $2 per share on the preferred stock. Each $1,000 bond is convertible into 45 shares of common stock. The net income for 2015 was $400,000 and the income tax rate was 30%.
-Diluted earnings per share for 2015 is (rounded to the nearest penny)

• A) $1.39.
• B) $1.41.
• C) $1.53.
• D) $1.67.

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Definitions:

Bladder Training

A behavioral therapy aiming to help individuals manage urinary incontinence by increasing the intervals between voiding and improving bladder control.

Functional Nephrons

The working units in the kidneys that filter blood and produce urine, essential for maintaining fluid and electrolyte balance.

Bladder Elasticity

Refers to the flexibility of the bladder walls, allowing it to expand and contract as it fills and empties urine.

Pelvic Floor Muscle Tone

The strength and condition of the pelvic floor muscles, which support the bladder, bowel, and uterus.