Refer to the information about Hutchins Company in MC20-1.
Diluted earnings per share for the current year was (rounded to the nearest penny):
- a. $5.00
- b. $3.35
- c. $3.53
- d. $3.06
MC20-1. Hutchins Company had 200,000 shares of common stock, 50,000 shares of convertible
- a. $5 00
- b. $4 50
- c. $4.30
- d. $4 55
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