Calculate eps for a company

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Calculate eps (earnings per share) for a company that started the year with 400,000 shares of common stock, issued an additional 300,000 shares on March 1, and had a 2-for-1 stock split on September 1. Sales for the year were $20 million at 40% COGS, expenses of $6,677,420 and a 38% tax rate. Preferred shareholders received $50,000 dividend distribution. Show your work to support your solution.

Reference no: EM132382916

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