Solution-Compute its basic earnings per share

Compute its basic earnings per share

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Problem - Given the following year-end information for Somerset Corporation, compute its basic earnings per share.

Net income, $13,000

Preferred dividends declared, $4,000

Weighted average common shares for the year, 4,500

Reference no: EM132889579

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Compute its basic earnings per share

Reference no: EM132889579

Reference no: EM132889579

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