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Determine the earnings per share

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Question - Blanco, Inc. has a net income of $300,000 for 2014, and there are 200,000 weighted-average shares of common stock outstanding. Dividends declared and paid during the year amounted to $40,000 on the preferred stock and $60,000 on the common stock. Determine the earnings per share for 2014?

Reference no: EM132856881

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