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Compute earnings per share

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Problem - Culver Inc. presented the following data.

Net income $2,350,000Preferred stock: 46,000 shares outstanding, $100 par, 8% cumulative, not convertible 4,600,000 Common stock: Shares outstanding 1/1778,800   Issued for cash, 5/1330,000   Acquired treasury stock for cash, 8/1153,600   2-for-1 stock split, 10/1

Compute earnings per share.

Reference no: EM131606360

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