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Calculate Crane earnings per share

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Question - Crane Corporation had 2020 net income of $1,291,500. During 2020, Crane has not declared or paid any dividend on 95,000 cumulative preferred shares. Crane also had 230,000 common shares outstanding during the year. The preferred shares pay an annual dividend of $5 per share. Calculate Crane's 2020 earnings per share?

Reference no: EM132812194

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