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Compute the earnings per share to the nearest cent

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Question - In 2020, Sunland Company reported net income of $218000. It declared and paid common stock dividends of $22000 and had a weighted average of 100000 common shares outstanding. Compute the earnings per share to the nearest cent.

a. $1.96

b. $0.44

c. $2.40

d. $2.18

Reference no: EM132614587

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