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Compute basic earnings per share

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Reference no: EM133045750

Question - Easy Corporation has the following information relating to its share capital:

12% Preference shares, cumulative, $100 par value, 30,000 shares authorized, 20,000 shares outstanding, $2,000,000

Ordinary shares, $10 par value, 500,000 shares authorized, 300,000 shares outstanding, $3,000,000

Compute basic earnings per share assuming that the reported profit of the company is $1,200,000

A. 3.20 B. 2.80 C. 1.68 D. 1.92

Reference no: EM133045750

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