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The Following Information Relates to the Capital Structure of Metcalf

Question 58

Multiple Choice

The following information relates to the capital structure of Metcalf Corp.:
The following information relates to the capital structure of Metcalf Corp.: During 2011 Metcalf paid $90,000 in dividends on the preferred stock. Metcalf's net income for 2011 was $1,960,000 and the income tax rate was 40 percent. For the year ended December 31, 2011, the diluted earnings per share is A) $7.29. B) $7.43. C) $8.17. D) $8.29.
During 2011 Metcalf paid $90,000 in dividends on the preferred stock. Metcalf's net income for 2011 was $1,960,000 and the income tax rate was 40 percent. For the year ended December 31, 2011, the diluted earnings per share is


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

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