Rizzo Co. has Net Income of $279,000 for 2024. Over the past two years, the company had outstanding 125,000 shares of common stock.  During the year, the company paid dividends on preferred stock in the amount of $45,000.  The company has outstanding all year 20,000 shares of cumulative preferred stock.  Each share of preferred stock is convertible into 4 shares of common stock.  The company's tax rate is 20 percent. What is the company's diluted earnings per share?

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Consolidation

Consolidation in general examination implies an asset oscillating between well-defined methods of trading status. Consolidation is commonly known as market indecisiveness, which completes when the asset's values move forward or backward the trading structure.