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Compute and solve earnings per share

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Reference no: EM132658950

presented the following data:

Net income $2,500,000

Preferred stock-50,000 shares outstanding, $100 par value, 8% cumulative $5,000,000

Common stock: shares outstanding 1/1 750,000 shares issued for cash, 5/1 300,000

Acquired treasury stock for cash, 8/1 150,000

Problem 1: Calculate earnings per share.

Reference no: EM132658950

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