No preferred stock outstanding

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Income Statement Barnyard, Inc.'s 2008 income statement lists the following income and expenses: EBIT = $505,500, Interest expense = $42,000, and Taxes = $157,500. Barnyard's has no preferred stock outstanding and 110,000 shares of common stock outstanding. What are its the 2008 earnings per share? (Round your answer to 2 decimal places.)

Reference no: EM131952784

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