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Determine the earnings per share for each company

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Problem - EPS - OfficeMax and Staples are two companies competing in the retail office supply business. OfficeMax had a net income of $667,000 for a recent year, while Staples had a net income of $738,671,000. OfficeMax had preferred stock of $36,479,000 with preferred dividends of $2,818,000. Staples had no preferred stock. The outstanding common shares for each company were as follows:

Average Number of Common Shares Outstanding

OfficeMax 77,483,000

Staples 721,838,000

Required -

a. Determine the earnings per share for each company. Round to the nearest cent.

b. Evaluate the relative profitability of the two companies.

Reference no: EM132683455

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