Getemin inc had net income of 490400 for its fiscal year

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Getemin, Inc., had net income of $490,400 for its fiscal year ended October 31, 2010. During the year the company had outstanding 36,300 shares of $3.20, $45 par value preferred stock, and 113,000 shares of common stock.

Required:

Calculate the basic earnings per share of common stock for fiscal 2010.

Reference no: EM13484674

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