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Calculate Earnings per share for Lombard

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Question - Lombard, Inc. had the following information for 2017:

Net income $700,000

Common stock dividends 90,000

Preferred stock dividends 130,000

Weighted average common shares outstanding 200,000

Required - Calculate Earnings per share for Lombard?

a. $2.40

b. $3.05

c. $3.50

d. $2.85

Reference no: EM132617317

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