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Compute the earnings per share for the year

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Question - Financial statement data for the year ending December 31 for Langford Company are as follows:

Net income $450,000

Preferred dividends $50,000

Average number of common shares outstanding 80,000 shares

Compute the earnings per share for the year.

a. $6.25

b. $5.63

c. $6.00

d. $5.00

Reference no: EM132741821

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