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Analyze the earnings per share

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Reference no: EM132578769

Blue Inc. presented the following data.

Net income $2,550,000

Preferred stock: 51,000 shares outstanding, $100 par, 8% cumulative, not convertible. 5,100,000

Common stock: Shares outstanding 1/1 816,000

Issued for cash, 5/1 318,000

Acquired treasury stock for cash, 8/1 162,000

2-for-1 stock split, 10/1

Question 1: Compute earnings per share. (Round answer to 2 decimal places, e.g. $2.55.)

Reference no: EM132578769

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