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Determine the earnings per share of common stock

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Question - National Company's net income last year was P500I000. The company has 150,000 shares of common stock and 30.000 shares of preferred stock outstanding. There was no change in the number of common or preferred shares outstanding during the year. The company declared and paid dividends last year of P100 per share on the common stock and P060 per share on the preferred stock. Determine the earnings per share of common stock?

Reference no: EM133099208

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