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Calculate eps for fetzer corporation

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Reference no: EM133004531

Problem 1: Suppose the Fetzer Corporation reported net income of $600,000 for its fiscal year ended December 31, 2016, while the preferred stock dividends declared during the year were $75,000 . Fetzer had one million shares of common stock outstanding at the beginning of the year and issued an additional one million shares on March 31, 2016. Calculate EPS.

Basic EPS= (6000000-75000)/ (1000000+ 1000000*(9/12) )=0.3

Reference no: EM133004531

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