Preferred stock outstanding

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Reference no: EM131543592

Barnyard, Inc.'s 2008 income statement lists the following income and expenses: EBIT = $505,000, Interest expense = $52,500, and Taxes = $157,000. Barnyard's has no preferred stock outstanding and 250,000 shares of common stock outstanding. What are its the 2008 earnings per share? (Round your answer to 2 decimal places.)

Reference no: EM131543592

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