The Following Information Relates to the Capital Structure of Quantico

question 40

Multiple Choice

The following information relates to the capital structure of Quantico Corp.: During 2014 Quantico paid $90,000 in dividends on the preferred stock.Quantico's net income for 2014 was $1,960,000 and the income tax rate was 40 percent.For the year ended December 31,2014,the diluted earnings per share is

• A) $7.29.
• B) $7.43.
• C) $8.17.
• D) $8.29.

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