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Compute earnings per share

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Question - Splish Inc. presented the following data.

Net income $2,540,000

Preferred stock: 53,000 shares outstanding, $100 par, 8% cumulative, not convertible 5,300,000

Common stock: Shares outstanding 1/16 86,400

Issued for cash, 5/1 308,400

Acquired treasury stock for cash, 8/11 60,800 2-for-1 stock split, 10/1

Required - Compute earnings per share?

Reference no: EM132693515

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